FOR IMMEDIATE RELEASE
Car Incentives Skyrocketing; Edmunds.com Lists Deals of the Month
SANTA MONICA, Calif. — October 21, 2009 — Incentives on cars and trucks are shooting up as dealer inventory, decimated by Cash for Clunkers, is piling up again, according to Edmunds.com, the premier online resource for automotive information.
"This year has been a wild ride for automakers, and it's not over yet," observed Edmunds.com Senior Analyst Jessica Caldwell. "No segment is unaffected, though luxury models and trucks are being discounted particularly heavily."
"Low interest financing and cash rebates dominate the landscape but subsidized lease programs, almost non-existent in the past few years, are increasing," noted Edmunds.com Senior Analyst Michelle Krebs in her report on AutoObserver.com.
Here are some vehicles currently listed among Edmunds.com's Deals of the Month, a monthly analysis that looks at nationally available cash rebate, interest-rate and lease incentives as well as the Edmunds.com True Market Value® price:
Currently, at New Cheaper Than Used, Edmunds.com lists 84 vehicles that are discounted so heavily that the new car is less expensive than its one year old counterpart. This list includes trim levels of the following vehicles:
- Ford F-150
- Honda Accord
- Infiniti G37 Coupe
- Lexus IS 350
- Mercedes-Benz CLK350
- Volkswagen Passat
- Volvo XC70
For the complete list and more details on these vehicles, including True Market Value® pricing, please visit http://www.edmunds.com/tmv/deal.html and http://www.edmunds.com/industry-car-news/new-vs-used-car-buying.html.
For more information, please visit Edmunds' AutoObserver.com story "Manufacturers Offer Richest Incentives Since Cash for Clunkers" at http://www.autoobserver.com/2009/10/manufacturers-offer-richest-incentives-since-cash-for-clunkers.html.
About Edmunds Inc. (http://www.edmunds.com/about/)
Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value®, is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.