Corvette Sales Plummet, Great Time to Buy
This is good news if you've been wanting to buy a sports car.
General Motors confirmed the figures showing that Corvette sales were down nearly 50 percent compared to 2008.
Demand has declined across the sports car market with popular models like the Porsche 911 and Audi R8 registering sales drops of roughly 20 percent, along with models from Mercedes Benz and Dodge.
Buyers who have the money to consider buying one of these "halo" cars may want to consider doing their shopping soon, based on the rapid decline in demand. While dealers have historically added premiums to these higher-priced vehicles, they are more open for bargains when their lots are full for months at a time.
Another reason to buy sooner rather than later: sports car purchases typically trend higher in warmer months and in balmier locales where buyers are likely to want a good-looking car to drive. With salt still on the roads throughout the Northern states, the focus right now is geared more towards winter driving.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, 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 ChecklistFollow 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