Huge Incentives War Expected at Year End
You may not have to wait too much longer - there are rumors circulating that a massive incentives war will start occurring within two to three months.
The reason: Japanese automakers are trying to salvage a year of inventory shortages and market share loss.
With production levels expected to return back to normal, car manufactures such as Toyota, Honda, and Nissan may try to improve total annual sales with huge rebates and lease deals.
The disasters this spring in Japan have brought about a shift in market share, with Japanese auto companies losing a huge percentage of sales.
Toyota, for example, saw its market share plummet a whopping 2.6 percent, which is equivalent to Mazda's entire market share.
The new Camry about to roll on to dealer lots later this year may help the Japanese auto giant. Rivals Honda and Nissan will likely launch a price war to keep market share, meaning much larger incentives than usual.
The perfect storm is brewing and the rewards should be huge for patient buyers.
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 is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.Latest Weekly Car Buying Tips
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