KBB.com: Today Is A Great Time To Buy A New Car With Recently Redesigned Models Available At Reasonable Prices


PHOTO



IRVINE, Calif., Feb. 19, 2013 -- Although economic concerns remain, consumers in a position to buy a brand-new vehicle have more amenity-laden, reasonably priced options today than ever before, according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information.

"Since the 2011 model year, nearly every vehicle in each major selling category has undergone a significant redesign that has upped expectations of consumers by a sizable margin," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "Shoppers considering one of the latest and greatest can count on significant improvements in fuel economy, performance, build quality, amenities and style from the generation being replaced, and all for only a modest bump in its manufacturer's suggested retail price (MSRP)."

Shoppers keen on picking up one of the recent redesigns should be able to do so at a reasonable price. According to Kelley Blue Book Fair Purchase Price, those looking for a brand-new vehicle can expect to pay 94 percent of MSRP on average in February, not including incentives. This is roughly flat compared to what consumers paid in both December and January.

The Kelley Blue Book Fair Purchase Price is the price people typically pay a dealer for a new car, based on actual new-car transactions and adjusted regularly as market conditions change. This information can help reduce the friction between dealers and consumers, offering buyers a realistic and relevant picture of what others are paying for similar models in their area.

In terms of available incentives, consumers can expect to find a number of attractive offers, even on models redesigned for the 2013 model year, such as the Ford Fusion and Honda Accord. The Fusion is available with up to $1,500 in cash rebates or a $209 per month 24-month lease with $2,588 due at signing. The Honda Accord has an available 36-month lease offer priced at $249 per month with only $2,299 down.

In addition to reasonable pricing, consumers seeking a brand-new 2013 model-year vehicle can expect ample selection when it comes time to visit the dealership. Kelley Blue Book's latest listing data from AutoTrader.com and KBB.com Classifieds indicates that there was a 60-day supply of vehicles available nationwide as the industry entered February, 80 percent of which were vehicles from the 2013 model year. This is welcome news for consumers who have been waiting to get their hands on one of the latest redesigns offered this year.

Percent Share of New-Vehicle Inventory by Model Year

Jun-12

Oct-12

Feb-13

MY2012

MY2013

MY2012

MY2013

MY2012

MY2013

95%

5%

51%

49%

16%

84%

Source: AutoTrader.com

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/