Ford and Honda May Start Price War on Hybrids
Whenever there's a race, (even if it's a race for 2nd place), the competition will do what it takes to win.
As of September, Honda has sold 29,958 hybrids to Ford's 26,016. However, in the last few months, Ford has been quickly catching up. In July, Ford sold 2,000 more hybrids than Honda and 240 more in September. If this keeps up, Ford could beat Honda.
Our bet: Ford will likely increase incentives on their hybrids to claim the #2 spot for 2009. These incentives may be hidden through dealer cash back offers, meaning the dealer or salesperson will get an extra bonus for each hybrid they sell. This of course, can be passed on to the consumer through a lower negotiated price.
If you've been considering a hybrid, take a closer look at the offerings from Ford and Honda. That's where you're likely to get the best deal right now.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper 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