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Presidents' Day Weekend is a Great Time for Car Shopping, According to Edmunds.com

With automakers worried about analyst predictions that in 2008, annual new car and light truck sales will fall below 16 million for the first time in ten years, aggressive sales and marketing promotions are expected this Presidents' Day weekend.

"We at Edmunds.com anticipate that fewer than 15.9 million new cars and light trucks will be sold in 2008," said Jessica Caldwell, Analyst for Edmunds.com. "This makes for a very competitive marketplace, as automakers will do whatever it takes to maintain or grow their market share even as the market shrinks."

"This weekend is a great opportunity for car shoppers to walk into a car dealership and get a good deal," says Edmunds.com Senior Consumer Advice Editor Philip Reed. "But, especially when shopping on major sales days, it's important that consumers do their research on each element of the deal, including the average transaction price of both the new car and their trade-in as well as the interest rate for which they qualify, so they are sure to save money."

Some of the most generous incentives available during Presidents' Day weekend provide great deals on the following vehicles:

Convertibles

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2008 Audi A4 2.0T 2dr Convertible (2.0L 4cyl Turbo CVT)

2008 Volkswagen Eos Turbo 2dr Convertible (2.0L 4cyl Turbo 6M)

2008 Mazda MX-5 Miata Sport 2dr Convertible (2.0L 4cyl 5M)

2008 Saab 9-3 2.0T 2dr Convertible (2.0L 4cyl Turbo 6M)

2008 Chrysler Sebring Touring 2dr Convertible (2.7L 6cyl 4A)

2008 Mercedes-Benz SL-Class SL550 2dr Convertible (5.5L 8cyl 7A)

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Coupes

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2008 Mitsubishi Eclipse SE 2dr Hatchback (2.4L 4cyl 5M)

2008 Mercedes-Benz CLK-Class CLK350 2dr Coupe (3.5L 6cyl 7A)

2008 Infiniti G37 Journey 2dr Coupe (3.7L 6cyl 5A)

2008 Mazda RX-8 Sport 4dr Coupe (1.3L 2rtr 6M)

2008 BMW Z4 3.0si 2dr Hatchback (3.0L 6cyl 6M)

2008 Volvo C30 T5 Version 2.0 2dr Hatchback (2.5L 5cyl Turbo 6M)

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Hybrids

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2008 Nissan Altima Hybrid 4dr Sedan (2.5L 4cyl gas/electric hybrid CVT)

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Minivans

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2008 Mazda MAZDA5 Touring 4dr Minivan (2.3L 4cyl 5A)

2008 Nissan Quest 3.5 S 4dr Minivan (3.5L 6cyl 5A)

2008 Chrysler Town and Country LX 4dr Ext Minivan (3.3L 6cyl 4A)

2008 Toyota Sienna Limited 7-Passenger 4dr Minivan (3.5L 6cyl 5A)

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Sedans

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2008 Hyundai Sonata GLS 4dr Sedan (2.4L 4cyl 4A)

2008 Mitsubishi Galant Ralliart V6 4dr Sedan (3.8L 6cyl 5A)

2008 Volvo S80 3.2 4dr Sedan (3.2L 6cyl 6A)

2008 Honda Accord EX 4dr Sedan (2.4L 4cyl 5A)

2008 Chrysler 300 LX 4dr Sedan (2.7L 6cyl 4A)

2008 Saturn Aura XE 4dr Sedan (3.5L 6cyl 4A)

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SUVs

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2008 Saab 9-7X 4.2i 4dr SUV AWD (4.2L 6cyl 4A)

2008 Lexus RX 350 4dr SUV (3.5L 6cyl 5A)

2008 Mazda CX-7 Sport 4dr SUV (2.3L 4cyl Turbo 6A)

2008 Nissan Xterra SE 4dr SUV (4.0L 6cyl 5A)

2008 Chevrolet Equinox LTZ 4dr SUV AWD (3.4L 6cyl 5A)

2008 Volvo XC90 3.2 4dr SUV (3.2L 6cyl 6A)

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Trucks

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2008 Honda Ridgeline RT 4dr Crew Cab AWD SB (3.5L 6cyl 5A)

2008 Nissan Frontier SE 4dr Crew Cab 5.0 ft. SB (4.0L 6cyl 5A)

2008 Nissan Titan XE 4dr King Cab 4WD LB (5.6L 8cyl 5A)

2008 Dodge Ram Pickup 1500 Laramie 4dr Quad Cab SB (5.7L 8cyl 5A)

2008 Chevrolet Silverado 1500 LTZ 4dr Extended Cab 6.5 ft. SB (5.3L 8cyl 4A)

2008 Ford F-150 Lariat 4dr SuperCrew Styleside 6.5 ft. SB (5.4L 8cyl 4A)

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Wagons

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2008 Jaguar X-Type 3.0L Sportwagon 4dr Wagon AWD (3.0L 6cyl 5A)

2008 Dodge Magnum 4dr Wagon (2.7L 6cyl 4A)

2008 Audi A3 2.0T 4dr Wagon (2.0L 4cyl Turbo 6A)

2008 Volkswagen Passat Turbo 4dr Wagon (2.0L 4cyl Turbo 6A)

2008 Toyota Matrix XR 4dr Wagon (1.8L 4cyl 5M)

2008 Chrysler PT Cruiser 4dr Wagon (2.4L 4cyl 5M)

For more information on these deals, please visit Edmunds.com True Market Value Deals of the Month page at http://www.edmunds.com/tmv/deal.html.