Wait to Purchase a Toyota Prius After Summer
Inventory is down to just four days' supply, meaning customers will be unlikely to drive away with the exact color and model they want.
Many Toyota dealers currently don't even have ANY Priuses on their lots.
Now the good news: If you wait to purchase until after summer, it looks like supplies should increase while prices drop.
Toyota recently announced they will be exporting 36,000 additional Prius hatchbacks to the U.S. this summer. There are currently only 3,000 Priuses in inventory, so this should help ease demand.
Toyota hopes for production of the hybrid to return to normal levels by September - and begin to exceed those levels in October.
Your best bet will be to wait until the end of the year before purchasing a Prius.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper 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