Edmunds.com's "Predicted Price Trends" Identifies Car Buying Tricks and Treats This Halloween Weekend
SANTA MONICA, Calif. — October 28, 2011 — Consumers trick or treating at dealerships for a new car this weekend will be relieved to know that Edmunds.com's True Market Value® (TMV®) Predicted Price Trends are now updated to make sure they won't be haunted by the fear of paying too much on their upcoming purchases. TMV® Predicted Price Trends is Edmunds.com's forecast of car price increases and decreases over the course of the next 30 days. The feature is intended to help car shoppers decide whether to buy or wait to buy a new car, truck or SUV.
"With 2012 fast approaching, Edmunds.com anticipates that dealers will be willing to sell remaining 2011 inventory at big discounts," said Edmunds.com Senior Analyst Jessica Caldwell. "But the cream of the discount crop is the mid-level luxury segment, with great deals on vehicles like the 2011 BMW 5 Series and X5, the 2011 Infiniti M56 and the 2011 Mercedes Benz E-Class."In the spirit of Halloween, Edmunds.com has identified some more "tricks" and "treats" to guide car shoppers this weekend.
TRICK: 2011 Kia Optima and 2011 Kia Soul
Kia has gained a lot of popularity in the U.S. with these two vehicles. Demand for both is still strong, and prices will be stable until the end of the year, so getting a deal on one may be difficult.
TREAT: 2011 Kia Sorento and 2011 Mazda6
When cars have been on a dealer's lot for a long time, it means that the dealer has had trouble unloading inventory. That makes it much more likely that a dealer will offer bigger discounts on these cars. The Sorento and the Mazda6 each average among the highest days-to-turn (DTT) in the industry at 170 and 149 days, respectively. The 2011 Jeep Wrangler, 2011 Mitsubishi Outlander and 2011 Nissan Altima, also fall into this category, with DTTs higher than 100 days.
TRICK: 2012 Model Year Vehicles
Yes, it's always fun to have the newest car on the market, but some new model year vehicles offer few or no design or feature changes from the previous year. In that case, in might be smarter to go with a new 2011, while they're still available. The True Market Value® price on a new 2011 Mini Cooper, for example, is more than $1,000 less expensive than the nearly identical 2012 Mini Cooper.
TREAT: Compact trucks
Fall is traditionally "truck season," and Edmunds.com expects a strong surge of incentives on most leftover 2011 model year compact pickups like Toyota Tacoma, Nissan Frontier, Chevrolet Colorado, Dodge Dakota and Ford Ranger.
Edmunds.com's True Market Value® (TMV®) Predicted Price Trends are updated at http://www.edmunds.com/tmv-alerts.html.
For Edmunds.com's top selections right now for the best deals on a new car, please visit our Deals of the Month page at http://www.edmunds.com/deals-of-month.html.
About Edmunds.com, Inc. (http://www.edmunds.com/help/about/index.html)
Edmunds.com Inc. publishes Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive information, launched in 1995 as the first automotive information Web site and hosts the most established automotive community online. Its mobile site, accessible from any smartphone at www.edmunds.com, makes car pricing and other research tools available for car shoppers at dealerships and otherwise on the go. InsideLine.com is the most-read automotive enthusiast Web site. Its mobile site, accessible from any smartphone at www.insideline.com, features the wireless Web's highest quality car photos and videos. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds.com Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter@edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.