About Real Car Tips
Profile Pic
Find the Best Car Deals Near You ⤵

Car Buying Outlook for 2010

2010 OutlookIn the beginning of this past decade, we saw car sales hit a record high of nearly 17 million sold in one year. That's a stark difference from this past year, where sales have been a measly 10 million cars sold. That's more than a 50% drop from the peak.

Car manufacturers and dealers have been suffering as of late which means car shoppers have enjoyed one of the best buying periods in history. So how likely is it that 2010 will continue to be a great time to buy a car?

It really depends on whether the economy continues to improve. We've come out of recession, but the likelihood of a double-dip recession is high. Unemployment is 10% across the country and it doesn't look like it will fall anytime soon. While this is bad for the economy, it's good if you can afford to buy a new car.

The best time to buy a car is usually near the end of the year. It's too late to take advantage of that now, but there are still some incredible deals to be had on leftover 2009 models.

Domestic brands such as GM, Ford, and Chrysler are offering the best deals on leftover models. There is still a few months worth of inventory left and many options and colors to choose from depending on the particular model.

If you're serious about buying a new car and don't mind waiting, we should have a better idea of where the economy is heading in the next 3-4 months. If we do slip back into recession, you can rest assured incentives will rise dramatically. Car manufacturers have been ramping up production since they expect the economy to improve. If they're wrong, car buyers benefit tremendously.

3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

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...

(Absolutely NO SPAM, easy to unsubscribe)

About The Author

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.

Latest Weekly Car Buying Tips

February 2023

January 2023

I welcome your car buying questions. Email Me and I'll be glad to answer them!

Your Zip Code: