Hold Off Buying These Cars Until Year End
When demand is higher than supply, prices will rise - and that's exactly what's been happening in recent months. For example, many consumers are paying full MSRP or more for the Hyundai Elantra.
To increase production, several manufacturers are now planning to add 3rd shifts at their assembly plants. This will help ease the inventory shortage and make it easier to negotiate better deals, but you'll have to wait until year end to take advantage of the situation.
End of year happens to be the best time to buy a new car anyway, so this added bonus will just make it even better.
To give you an example, Hyundai's 3rd shift will begin in September and will produce an additional 20,000 vehicles by year end. There's no guarantee that prices will drop dramatically, but your best bet is to wait until then before purchasing.
Here is the full list of models that will become more plentiful by year end:
| Brand | Model | Production Increase Begins |
|---|---|---|
| Hyundai | Elantra | September 2012 |
| Hyundai | Sonata | September 2012 |
| Ford | Escape | Second half of 2012 |
| Nissan | Altima | Fall 2012 |
| Nissan | Maxima | Fall 2012 |
| Chrysler | Dart | November 2012 |
| Chrysler | Grand Cherokee | November 2012 |
| Chrysler | Durango | November 2012 |
| Volkswagen | Passat | End of 2012 |
If you can't wait until year-end to purchase, then at least use the RydeShopper to get the best prices right now.
My Recommendation for Car Shoppers
TrueCar 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
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
January 2022
- Top 100 Cheapest Lease Deals Jan 13, 2022
- Biggest Discounts on New Cars Jan 13, 2022
- Cars With the Largest Rebates Jan 13, 2022
- Real Prices of Pickup Trucks Jan 13, 2022
- Best Bang for Your Buck Lease Deals Jan 06, 2022
- Best Electric, Hybrid Lease Deals Jan 06, 2022
- Best 0% Finance Deals January 2022 Jan 06, 2022
- Real Prices of Midsize SUVs Jan 06, 2022
December 2021
- Best Car Deals by Category Dec 30, 2021
- Real Prices of Compact Cars Dec 30, 2021
- Cheapest Luxury Lease Deals Dec 30, 2021
- Largest Hidden Dealer Rebates Dec 30, 2021
- Best Car Deals Around the Country Dec 23, 2021
- Worst Cars to Lease Right Now Dec 23, 2021
- Price Comparison of Subcompact SUVs Dec 23, 2021
- New Cars You Should Wait to Buy Dec 23, 2021
- Top 100 Cheapest New Cars Dec 16, 2021
- Real Prices of Large SUVs Dec 16, 2021
- Real Prices of New Compact SUVs Dec 09, 2021
- Which Cars Better to Lease or Buy Dec 02, 2021