Huge Incentives War Expected at Year End
Great news for those who've been waiting patiently for better car deals.
You may not have to wait too much longer - there are rumors circulating that a massive incentives war will start occurring within two to three months.
The reason: Japanese automakers are trying to salvage a year of inventory shortages and market share loss.
With production levels expected to return back to normal, car manufactures such as Toyota, Honda, and Nissan may try to improve total annual sales with huge rebates and lease deals.
The disasters this spring in Japan have brought about a shift in market share, with Japanese auto companies losing a huge percentage of sales.
Toyota, for example, saw its market share plummet a whopping 2.6 percent, which is equivalent to Mazda's entire market share.
The new Camry about to roll on to dealer lots later this year may help the Japanese auto giant. Rivals Honda and Nissan will likely launch a price war to keep market share, meaning much larger incentives than usual.
The perfect storm is brewing and the rewards should be huge for patient buyers.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
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.
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