Why Luxury Car Manufacturers Are Ready to Massively Reduce Prices
Ready to buy a new car? If you want to get the best price on your next luxury car, here’s what you need to know.
Auto dealerships are starting to heavily shift ad dollars online, meaning the best deals may not show up on your local television or in the newspaper.
Besides, why would dealerships advertise the cheapest prices to everyone when they know certain consumers will be more likely to overpay?
Don’t be one of those easily tricked consumers.
You could save thousands if you know what’s happening in the world of car companies and their competition.
Inventories Are Up… So Are Incentives
Luckily for you, dealerships may not have much choice soon other than to sell cars at rock bottom prices. Dealerships are desperate to sell more cars–and they have to do so for less. Why? Because car inventories are piling up across the country, and car dealerships need their batches of this year’s models sold ASAP. In 2018, new car sales were down by as much as 3%, or by about 150,000 cars, and with factories closing or being idled, 2019 is not looking any better1.
As increasing numbers of 2019’s newest releases roll onto dealership lots this month, prices on current model year cars are continuing to drop. Dealerships need to hit their sales goals, and they need to make room for new inventory.
So, what does that mean for you? Lower prices and more car options. We’ve already seen record levels of incentives totaling $3,000 to over $5,000 in cash back rebates and zero percent financing on many car models2.
How to Find the Best Deals
Don’t wait! You’ll end up spending more money on the exact same car down the line.
Instead, do your research and find which are the best deals available in your area. Read up on how many models dealers need to sell. Learn what others in your city are paying for brand-new cars. Understand the rebates, incentives, and special packages offered by automakers. Then, walk into your dealership knowing exactly how low they will go on a price and demand that deal.
Before you go into a dealership, you must look for the deals online, so start a search below to see some of the deals out there and save money today.
