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AMERICA'S BEST NEW-CAR DEALS
May 12, 2008 - Gas prices are still on the rise, with oil hitting $126 per barrel Friday, and the
economy is still slow. New car sales, as a result, are sluggish.
Last year's sales were down 2.5%, to 16.1 million cars sold; that number is expected to drop
further this year to 15.5 to 16 million. In a bid to rid lots of inventory, some automakers are
offering previously unheard-of incentives to new-car buyers.
"You have to go back eight and even 16 years ago to see rebates on quality vehicles," says
Alexander Edwards, automotive division president of the market research firm Strategic
Vision. "But we have not seen rebates used on quality vehicles to this magnitude."
Click on the red link above to continue the story.
Source: Forbes.com
May 12, 2008 - Gas prices are still on the rise, with oil hitting $126 per barrel Friday, and the
economy is still slow. New car sales, as a result, are sluggish.
Last year's sales were down 2.5%, to 16.1 million cars sold; that number is expected to drop
further this year to 15.5 to 16 million. In a bid to rid lots of inventory, some automakers are
offering previously unheard-of incentives to new-car buyers.
"You have to go back eight and even 16 years ago to see rebates on quality vehicles," says
Alexander Edwards, automotive division president of the market research firm Strategic
Vision. "But we have not seen rebates used on quality vehicles to this magnitude."
Click on the red link above to continue the story.
Source: Forbes.com
