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.
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