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GREAT CAR DEALS GOING ON

SOME OF THE BIGGEST DISCOUNTS ON CARS THIS MONTH ARE COMING FROM FORD AND GENERAL MOTORS BRANDS. IF YOU ARE LOOKING FOR A TRUCK THE FORD F 150 HAS A HEFTY INCENTIVES THIS MONTH WITH UP TO $5,000 OF THE RETAIL PRICE ON CERTAIN MODELS. WITH A NEW F150 COMING THIS YEAR DEALERS NEED TO MAKE ROOM FOR THE NEW MODELS

JAPANESE MANUFACTURERS WHO HAVE HISTORICALLY SHIED AWAY FROM INCENTIVE ARE ALSO HEAVILY DISCOUNTING THEIR POPULAR MID SIZED SEDANS WHICH LIKE THE BIG TRUCKS HAVE BEEN HIT HARD BY THE WINTER WEATHER INDUCED SLOW DOWN.

HONDA HAS 114 DAYS OF INVENTORY ON THEIR DEALERSHIP LOTS AND THEIR SALES WERE DOWN BY 14 PERCENT IN LAST MONTH ACCORDING TO AUTODATA. THE RESULT IS BETTER THAN NORMAL DISCOUNTS ON VEHICLES LIKE THE NEW HONDA ACCORD. RBC CAPITAL IS REPORTING DEALER INCENTIVES ARE UP 300 PERCENT FROM A YEAR AGO. REPORTS HAVE BEEN SURFACING THAT SOME DEALERS HAVE CUT PRICES BY UP TO $3000 ON ACCORDS

TOYOTA CAMRY SALES PLUMMETED IN THE BEGINNING OF THE YEAR BY 27 PERCENT LEAVING DEALERS WITH FULL LOTS AND FORCING TOYOTA MOTOR SALES USA TO INCREASE INCENTIVES TO AS MUCH AS 38% OVER LAST YEAR. CAMRY CUSTOMERS ARE BEING OFFERED 0% FINANCING ON SOME MODELS.
BUT IF YOU ARE CONSIDERING A NEW VEHICLE YOU BETTER MOVE FAST. TWO FACTORS ARE GOING TO PUSH THESE DISCOUNTS OFF THE TABLE. THE AVERAGE AGE OF A VEHICLE IN THE US IS 12 YEARS OLD WHICH IS A HISTORIC HIGH AND MEANS MANY FAMILIES ARE GETTING READY TO BUY THIS YEAR.

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Published on: March 1, 2014

Filled Under: News

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