Deal Alert: Chevrolet Cruze Prices May Drop
Sales started dropping and inventory levels have been increasing ever since - and nobody seems to know why.
Inventory levels jumped from a 33 day supply earlier in the year to 88 days in December, which is not good news for GM - but is great for car buyers.
In an effort to reduce supply and prevent prices from dropping, GM shut down production of the Cruze last week.
This may do the trick, but it's likely prices for the Cruze will still drop. If you're in the market for a compact car and have not considered the Cruze, you should definitely put it on your list.
With inventory levels high, dealers are now more likely to negotiate on price.
The main competitors to the Cruze are the Ford Focus, Honda Civic, Toyota Corolla, Volkswagen Jetta, and Hyundai Elantra.
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