New Cars with the Largest Price Drops From Last Year
Good news for car buyers. According to Kelley Blue Book, new car prices are an average of $500 more affordable today compared to the same time last year.
Low inventory levels are not as big a problem as they were this time last year, meaning there's more supply of popular vehicles overall. The average Honda today is selling for nearly $1,200 less than last year while the Toyota Prius is $2,500 more affordable.
Whereas consumers were paying close to MSRP on some of these models last year, you can now get them deeply discounted. Here are the vehicles that have seen the greatest year-over-year price drop.
To ensure the maximum discount, I recommend you use the RydeShopper
|Make||Model||Trim||MSRP||June 2011||June 2012||Price Change|
|Mazda||MAZDA3||i Sport Sedan||$17,640||$17,300||$16,100||($1,200)|
|Mazda||MAZDA6||i Sport Sedan||$22,275||$21,000||$19,950||($1,050)|
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