Kiplinger predicts “there will be plenty of deals in 2019.”
(Source: The Kiplinger Letter April 12, 2019.)
While there may be fewer incentives than in 2018, here are some tips for 2019:
August and September are good months to shop as 2019 models are cleared from lots to make room for the 2020’s. The same is true for year-end as auto dealers want to reduce taxable inventory. Specifically consider the day after Christmas and New Year’s Eve.
(Source: Yahoo Answers 5-5-2019)
While SUV’s and pickup trucks are in highest demand, they are also in high supply.
The average price of a new car in the U.S. has consistently climbed over the years, but look at what has happened to trucks: JD Power shows truck buyers pay 61% more for a new pickup compared to the cost 10 years ago. The average price of a new car rose 28% in the past decade to $32,500. The average cost of a new truck is closer to $44,000!
(Source: “Capability Will Cost You: Trucks Cost 61% More Compared to a Decade Ago” Sean Szykowski, The Wall Street Journal; February 27, 2019.)
Discounts are possible which still allow dealers to be profitable.
Also remember the pre-owned market; many vehicles come off 3-year leases every year.
Please remember to use us as your resource when it comes to buy/lease/new/pre-owned decisions and negotiating favorable terms!
Here’s an interesting update on electric scooters:
Cited as a source of many accidents, cluttering sidewalks and blocking wheelchair ramps, more than 30 states have introduced bills with new regulations for this booming and previously unregulated industry.