Fiat 500 Sales Collapse, Dealers Desperate to Sell More
Sales of the tiny subcompact car have hit a wall and dealers are getting desperate.
When it first launched in March, Fiat had an ambitious goal of selling 50,000 units this year, but they only sold about 16,000 so far and sales keep dropping.
Out of 150 Fiat dealers, 29 of them didn't even sell one vehicle last month - ouch!
Chrysler, the parent company of Fiat, is now offering a $500 rebate to entice buyers.
The collapse in demand for the Fiat 500 is a perfect example of why you should always wait before buying a newly introduced model.
The early adopters paid a high price to have the first one on the block.
If you're serious about purchasing the Fiat 500, make sure to use our step-by-step negotiation guide to maximize savings.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow 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