Hold Off Buying These Cars Until Year End
June 7, 2012
This year, an unexpected increase in car sales has created an inventory shortage on some models. Car shoppers are having a difficult time finding them in stock at dealerships.
When demand is higher than supply, prices will rise - and that's exactly what's been happening in recent months. For example, many consumers are paying full MSRP or more for a Hyundai Elantra.
To increase production, several manufacturers are now planning to add 3rd shifts at their assembly plants. This will help ease the inventory shortage and make it easier to negotiate better deals, but you'll have to wait until year end to take advantage of the situation.
End of year happens to be the best time to buy a new car anyway, so this added bonus will just make it even better.
To give you an example, Hyundai's 3rd shift will begin in September and will produce an additional 20,000 vehicles by year end. There's no guarantee that prices will drop dramatically, but your best bet is to wait until then before purchasing.
Here is the full list of models that will become more plentiful by year end:
|Brand||Model||Production Increase Begins|
|Ford||Escape||Second half of 2012|
|Nissan ||Altima||Fall 2012|
|Nissan ||Maxima||Fall 2012|
|Chrysler||Grand Cherokee||November 2012|
|Volkswagen||Passat||End of 2012|
If you can't wait until year-end to purchase, then at least use the CarWoo Deal Finder to get the best prices right now.
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- Gregg Fidan
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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