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.
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