Poor Sales for Some Honda Models Means Great Deals
Honda's new CR-Z, Accord Crosstour and Insight models are underperforming in a big way - which means some great deals could be had on these models.
The Insight hybrid is falling 40,000 units short of estimates, and is being outsold 8-to-1 by its Toyota Prius rival.
Honda has only managed to sell 19,325 units through November - the company originally targeted sales of 60,000 to 80,000.
Likewise, Honda has sold nearly 20,000 fewer Crosstour models than its biggest competitor - the Toyota Venza, selling just 25,927 units compared to the Toyota's 43,325.
Plus, early sales for Honda's new CR-Z hybrid coupe aren't encouraging.
Honda had intended to sell 15,000 of the two-seat hybrids per year, but so far has sold only 4,373, with 3,000 currently sitting in inventory.
On the bright side for Honda, the 2011 Odyssey is performing well against the minivan segment that has heated up with a range of new competitors.
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