Faced with horrible sales numbers in September and not a lot of hope for October, car makers are once again ramping up incentives aimed at moving inventory. According to Edmunds.com, incentive spending has taken off, especially on models that the companies really want to move. That includes trucks, Pontiac and Saturn models and some luxury models. Offers range from 0 percent financing to rebates of up to $2,500.
Here's an astonishing number. With discounts, incentives and everything else, close to 85 models are now selling for less than they were a year ago.
And that's just from the factory.
Our local auto dealers, they're right there too, trying to move inventory in tough times. It's a good time to be looking at car ads in the paper and going online to sites like cars.com and edmunds.com to check out incentives.
It is indeed a buyer's market and likely to be one for quite a few more months.
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