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Posts Tagged ‘vehicle prices’

New Car Sales Booming, But Good Deals Abound

KBB.com points out best August offers.

by on Aug.14, 2014

Looking for a good deal this month? The Fiat 500 can be gotten for as little as $99 a month, according to KBB.com.

New car and truck sales are still humming along in 2014, but if you’re searching for a deal, compact and midsize sedans are the segments where you should start the hunting.

There are deals for those looking to lease or buy, especially for the Fiat 500. Right now, according to KBB.com, a 2014 Fiat 500 can be had for as little as $99 a month for 24 months. It requires nearly $2,400 down. However, if you’re looking to buy, the same car can be had for $265 a month for 60 months using the $3,000 cash back the automaker is offering buyers.

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“Compact and midsize sedans are among the most popular segments in the United States, and this month consumers will be able to find red-hot deals on the Toyota Camry, Ford Fusion and Chevrolet Cruze,” said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s KBB.com. (more…)

Average American Can No Longer Afford “Average-Priced” New Car or Truck

But upward trend is likely to continue.

by on Mar.12, 2014

The price of the average Chrysler product rose 6.1% year-over-year in February, according to TrueCar.

New car prices have been rising rapidly in recent years, various studies showing that Average Transaction  Prices – what buyers actually pay after factoring in incentives and options – have hit record levels.  And that means that more and more American motorists are being priced out of the market.

The average median-income household can no longer afford to purchase the “average-priced” new car or truck in 24 of the country’s 25 largest metro areas, according to a new study by the financial website Interest.com.  The exception is Washington, D.C., according to the study, which also found that in 16 cities, median family incomes fell at least $10,000 short of what it would take to buy the typical new vehicle.

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“Too many families are spending way too much on new cars and trucks,” said Mike Sante, managing editor of Interest.com. “Just because you can manage the monthly payment doesn’t mean you should let a $30,000 or $40,000 ride gobble up such a huge share of your paycheck.”

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Superstorm Likely to Hit New, Used Car Buyers in the Wallet

But you could get more for your trade-in over the coming months.

by on Oct.31, 2012

Cars float out of a flooded garage in Manhattan after Superstorm Sandy drove record floodwaters into the city. Photo courtesy Ray Wert, Jalopnik.

With much of the Eastern Seaboard still digging out and drying out from Superstorm Sandy estimates now put the damage at anywhere up to $50 billion, perhaps more.  But in the weeks to come, even consumers as far away as the West Coast could feel the pinch.

That is likely to be especially true for car buyers.  Early estimates suggest that tens, perhaps hundreds of thousands of vehicles were damaged to the point they will need to be replaced.  And that is likely to drive up prices for both new and used vehicles in the weeks and months ahead, experts warn.

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If there’s a positive side for consumers it could mean better prices for those looking to trade in a car. For the industry, it’s likely to add even more momentum to the U.S. automotive market’s ongoing recovery.

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