Used Hybrid Prices Down 25% Since Last Summer
How times have changed. According to Kelly Blue Book, used hybrid prices have fallen 25% since last summer. Lower fuel prices coupled with the recession has slashed demand.
This is a great example of how demand can dictate the price of cars. Now is looking like a good time to consider a hybrid. You always want to buy when demand is low and supply high and that's certainly the case now.
To add icing on the cake, Honda and Toyota have both recently introduced new hybrids. The all new 2010 Toyota Prius and 2010 Honda Insight will be competing head to head during a time when consumers aren't buying as many hybrids.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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.
- Gregg Fidan
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