August 2003 Best Bargains Encourage Buyers to Take Advantage of `Home Stretch' Incentives
LOS ANGELES--Aug. 1, 20038, 2003--| 2003 New Vehicle Inventories Dwindle as End-of-Model-Year Incentives Increase |
CarsDirect.com, the leading multi-brand online car buying service, today announced its August 2003 Best Bargains selections. Incentives on remaining 2003 vehicles have become even more competitive in August as the 2003 model year enters the "home stretch" and dealers clear their lots for next year's models.
Shoppers are well advised to act fast, however, because automakers are quickly moving their 2003 inventory by offering even higher cash rebates. Buyers can still find competitive pricing on best bargain selections like the Mazda Protege, Nissan Frontier and Toyota Sequoia, among others.
With CarsDirect.com, consumers who need help deciding between the 2003 and 2004 model can quickly identify price differences as well as any changes to vehicle specs and features between the model years. For example, New York area car buyers can save more than $1,200 by purchasing the 2003 Subaru Impreza WRX sedan instead of the 2004 model at CarsDirect.com. Shoppers can also easily determine any spec or feature changes between model years by using CarsDirect.com's side-by-side comparisons at: www.carsdirect.com/research/new_cars/compare.
"Timing is everything when it comes to finding the right car at the right price at the end of a model year," said Joe Cashen, director of pricing strategy for CarsDirect.com. "The widespread availability of incentives has lulled many consumers into thinking that incentives will continue to rise while inventories remain plentiful -- but that's not always the case. Some popular 2003 models are nearly sold out and aggressive incentives mean inventories of other popular cars are dwindling. Those who wait too long in hopes of saving even more money might find that they have to settle for a vehicle that isn't the exact combination of color, trim and options that they want."
Each month, CarsDirect.com's team of pricing experts qualifies Best Bargain vehicles from a list of over 120,000 price configurations. Best Bargain choices include popular new cars, trucks and sport utility vehicles that currently offer the most attractive combination of national and regional manufacturer rebates and incentives, those that offer a historic low price point, or vehicles with prices that include other special programs.
CarsDirect.com Best Bargains for August 2003
As 2003 inventories start to decline, new car shoppers will want to hurry to snatch up these CarsDirect.com Best Bargains:
Cars
1. 2003 Ford Focus
-- Manufacturer rebates up to $3,000
2. 2003 Mazda Protege
-- Manufacturer rebates up to $2,500
3. 2003 Toyota Camry
-- Manufacturer rebates up to $1,000
SUVs
1. 2003 Buick Rendezvous
-- Manufacturer rebates up to $3,000
2. 2003 Toyota Sequoia
-- Manufacturer rebates up to $2,000
3. 2003 Mitsubishi Outlander
-- Manufacturer rebates up to $2,000
Trucks and Minivans
1. 2003 Chevrolet Silverado 1500
-- Manufacturer rebates up to $3,000
2. 2003 Dodge Dakota
-- Manufacturer rebates up to $3,000
3. 2003 Nissan Frontier
-- Manufacturer rebates up to $2,500
To see rebates and incentives or up-front transaction prices for any of these Best Bargains, shoppers simply go to www.carsdirect.com, and click on the vehicle make and model of their choice.
About CarsDirect.com
Los Angeles-based CarsDirect.com (www.carsdirect.com) is the leading multi-brand online car buying service, providing new and used automobiles and related products and services, such as loan and lease financing and in-demand aftermarket products including extended warranties. CarsDirect.com is the first online car provider to offer visitors three distinctive car buying options: buying a new car online through the company's award-winning direct channel; being matched with a top-quality new car dealer of their choice via the CarsDirect Connect channel; or locating and purchasing a previously owned vehicle through the CarsDirect Used channel.
CarsDirect.com has been named one of the "50 Best Websites" by Time Magazine, chosen a "Forbes Favorite" three times by Forbes Magazine and selected as a "Top 100 Internet Site" for three consecutive years in PC Magazine.