Japanese Car Incentives May be Discontinued Next Month
![Japanese Cars](../assets/images/news/japan_earthquake.jpg)
Dealers are already raising prices on popular models such as the Toyota Prius in anticipation of shortages.
Analyts are reporting price hikes of $2,000 for the Prius and $800 for the Honda Fit.
A memo was recently sent to Honda and Acura dealers letting them know that there will be limited inventory available until May, and even GM had to stop production on the Chevrolet Colorado and GMC Canyon pickups due to a shortage of parts from Japan.
For the next few months, availability of some Japanese models will be limited and prices on many models will rise while incentive programs may be halted.
If a significant number of customers switch from Japanese to American-made models, we could see price increases there as well.
Japanese car companies currently offering rebates, low-interest loans, factory-to-dealer cash, and special lease deals may not extend those deals in the coming months due to the limited inventory.
Therefore, if you're considering buying or leasing a new car, NOW might be the best time to pull the trigger.
Many car companies have already committed to incentive programs for March but may not extend them in April and the following months.
![](/assets/images/cartoons/dealership.jpg)
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
About The Author
![Gregg Fidan](/assets/images/gregg/profile-pic.png)
Latest Weekly Car Buying Tips
July 2024
- All SUV Lease Deals Compared July 2024 Jul 25, 2024
- Real Prices of New Compact SUVs Jul 25, 2024
- New Cars You Should Wait to Buy Jul 25, 2024
- Cheapest Luxury Lease Deals Jul 25, 2024
- Best Car Deals by Category Jul 18, 2024
- Cars With the Largest Rebates Jul 18, 2024
- Price Comparison of Subcompact SUVs Jul 18, 2024
- Largest Hidden Dealer Rebates Jul 18, 2024
- Best 0% Finance Deals July 2024 Jul 11, 2024
- Best Bang for Your Buck Lease Deals Jul 11, 2024
- Best Electric, Hybrid Lease Deals Jul 11, 2024
- Real Prices of Pickup Trucks Jul 11, 2024
- Biggest Discounts on New Cars Jul 04, 2024
- New Cars with the Most Available Inventory Jul 04, 2024
- Top 100 Cheapest New Cars for 2024 Jul 04, 2024
- Real Prices of Midsize SUVs Jul 04, 2024
June 2024
- Top 100 Cheapest Lease Deals Jun 27, 2024
- Best Car Deals for 4th of July 2024 Jun 27, 2024
- Worst Cars to Lease Right Now Jun 27, 2024
- Real Prices of Compact Cars Jun 27, 2024
- Best Car Deals Around the Country Jun 20, 2024
- Real Prices of Midsize Cars Jun 20, 2024
- Real Prices of Large SUVs Jun 13, 2024