Too Much Demand for Luxury Cars - Wait a Few Months
Demand from the U.S. and China has caused them to expand operations in 2011, as their plants have been running at full capacity, yet remain months behind in filling orders.
Audi says their highest demand is for its A3 ($27,000) and A6 ($44,000) models, with a wait time of nearly four months.
BMW and Mercedes-Benz are also working hard to keep up with demand.
What does this mean to you? If you’re in the market for a German luxury car, you may want to wait several months for supply to catch up to demand.
If you want to shorten your wait time, consider buying a leftover 2010 model if there are still some in your area. They will likely have steep discounts compared to 2011 models.
Additionally, if demand remains high, automakers won’t offer significant financing or cash back deals on their 2011 models, meaning a longer than usual wait without the usual incentives.
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