Car Prices Are Falling, but Not For Every Model, Reports Edmunds.com

Car Prices Are Falling, but Not For Every Model, Reports Edmunds.com


Car Prices Are Falling, but Not For Every Model, Reports Edmunds.com

SANTA MONICA, Calif. — June 16, 2010 — Summertime car shopping is always rich with bargains, but Edmunds.com, the premier online resource for automotive information, today announces that according to its latest update of True Market Value® (TMV®) Predicted Price Trends, some new cars may actually get more expensive later this season.

"During the summer, we typically see great discounting as dealers need to clear their showrooms of old model year vehicles to make room for new inventory," commented Edmunds.com Senior Analyst Jessica Caldwell. "However, the recession forced automakers to limit production, so this year the old model year inventory is much more sparse than usual. As a result, discounts are unlikely to be as dramatic for most vehicles and diminishing supply will actually raise the prices for some."

True Market Value® (TMV®) Predicted Price Trends is a tool that indicates probable price increases and decreases in the transaction prices of every new vehicle on the market. Among the vehicles expected to get more expensive in coming weeks are:

Among the vehicles whose prices are expected to fall particularly dramatically as the summer progresses are:

"Car shoppers can essentially 'time the market' of their purchase by considering relevant trends such as new vehicle introductions and discontinued brand names," recommended Edmunds.com Senior Consumer Advice Editor Philip Reed. "For example, the termination of the Mercury brand will lead to continued price drops, while a lot of positive buzz has been generated about the new 2011 Ford Fiesta, so prices are likely to stay high for some time."

For a full list of new cars and their predicted price movements, visit Edmunds.com Predictive TMV® Price Trends at http://www.edmunds.com/tmv/alerts.html.

Other useful tools for savvy deal seekers include Edmunds.com's TMV® Deals of the Month at http://www.edmunds.com/tmv/deal.html and Edmunds.com's Incentives and Rebates database at http://www.edmunds.com/incentives/step1.jsp.

About Edmunds (http://www.edmunds.com/about/)
Edmunds.com publishes four 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. 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. CarSpace is the most established automotive social networking Web site. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds 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.

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