Labor Day Offers Big Used Car Savings for Consumers


nada (select to view enlarged photo)

McLEAN, VA -- Aug. 28, 2014: The upcoming Labor Day holiday weekend offers smart shoppers an excellent chance to capitalize on end of summer new vehicle deals meant to clear out inventory for incoming model year cars and trucks.

"Labor Day discounts are historically some of the most generous seen throughout a given year and this year's promotions should be among the best in recent memory," said Mike Stanton, Vice President & COO of NADA Used Car Guide.

Faced with slowing new sales growth, manufacturers have dialed up incentive spending and many kicked off model year sell-down sales back in July to get a jump start on the competition.

Both Ford and GM are offering promotions of 0% financing for 72 months on many of their popular models, while Nissan and Toyota are offering similar 0% APR deals for a 60 month term.

For consumers shopping a particular segment, some of the best deals can be found in the hotly contested compact and midsize car segments where deals are averaging nearly as much as they are for more expensive luxury cars.

Consumers should also find ample inventory to choose from as well as strong deals, which won't be the case heading deeper into the fall.

"Sales for current model years decline rapidly from September on," said Jonathan Banks, Executive Automotive Analyst at NADA Used Car Guide, "generally moving from an average of 74% in August and September to just 22% in December."

Incredibly strong trade-in prices make the holiday proposition even better. "Dealers are hungry for quality used vehicles so they continue to make highly competitive trade-in offers."

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | Car Reviews 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/