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Car buyers likelier to find deals later this year
Posted: 11.02.2010 at 5:21 AM
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(AP) -- If you're holding out for a bargain on a car, you could be rewarded later this year. Automakers are more likely to offer promotions on certain makes and models to clear out their older models and improve their year-end numbers. The baargains are most likely for luxury cars, SUVs and trucks. Overall, the auto industry remains cautious about generous rebates and low-cost loans to lure customers.
Newly lean and profitable carmakers don't want to erode the bottom line by offering too many sweet deals that cut into profit margins.
But as the end of the year approaches, many Toyota buyers and others could find bargains.
Even a disciplined industry can't resist end-of-the-year sales.
(Copyright ©2010 by The Associated Press. All Rights Reserved.)