Japanese Car Incentives May be Discontinued Next Month
Dealers are already raising prices on popular models such as the Toyota Prius in anticipation of shortages.
Analyts are reporting price hikes of $2,000 for the Prius and $800 for the Honda Fit.
A memo was recently sent to Honda and Acura dealers letting them know that there will be limited inventory available until May, and even GM had to stop production on the Chevrolet Colorado and GMC Canyon pickups due to a shortage of parts from Japan.
For the next few months, availability of some Japanese models will be limited and prices on many models will rise while incentive programs may be halted.
If a significant number of customers switch from Japanese to American-made models, we could see price increases there as well.
Japanese car companies currently offering rebates, low-interest loans, factory-to-dealer cash, and special lease deals may not extend those deals in the coming months due to the limited inventory.
Therefore, if you're considering buying or leasing a new car, NOW might be the best time to pull the trigger.
Many car companies have already committed to incentive programs for March but may not extend them in April and the following months.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.Latest Weekly Car Buying Tips
April 2024
- Top 100 Cheapest Lease Deals Apr 18, 2024
- Worst Cars to Lease Right Now Apr 18, 2024
- Cars With the Largest Rebates Apr 18, 2024
- Real Prices of Midsize Cars Apr 18, 2024
- Best 0% Finance Deals April 2024 Apr 11, 2024
- Best Bang for Your Buck Lease Deals Apr 11, 2024
- Best Electric, Hybrid Lease Deals Apr 11, 2024
- Price Comparison of Subcompact SUVs Apr 11, 2024
- Biggest Discounts on New Cars Apr 04, 2024
- Real Prices of Large SUVs Apr 04, 2024
- New Cars You Should Wait to Buy Apr 04, 2024
- Largest Hidden Dealer Rebates Apr 04, 2024
March 2024
- Real Prices of Midsize SUVs Mar 28, 2024
- Which Cars Better to Lease or Buy Mar 28, 2024
- Nissan Rogue Special Deals Alert Mar 28, 2024
- Cheapest Luxury Lease Deals Mar 28, 2024
- New Cars with the Most Available Inventory Mar 21, 2024
- Best Car Deals by Category Mar 21, 2024
- Top 100 Cheapest New Cars for 2024 Mar 21, 2024
- Real Prices of Compact Cars Mar 21, 2024
- Best Car Deals Around the Country Mar 14, 2024
- Real Prices of Pickup Trucks Mar 14, 2024
- Real Prices of New Compact SUVs Mar 07, 2024