FOR IMMEDIATE RELEASE
Halloween Season Brings Screaming Deals on Convertibles, Luxury Cars, Sports Cars and Dying Models, According to Edmunds.com
SANTA MONICA, Calif. — October 27, 2009 — If trick-or-treating brings you to your local car dealership, there are indeed treats in store, according to Edmunds.com, the premier online resource for automotive consumer information.
According to Edmunds.com's latest True Market Value® Predicted Price Trends report at http://www.edmunds.com/tmv/alerts.html, vehicles that provide the largest margin for negotiation right now are luxury cars, sports cars and convertibles.
"There are still a significant number of 2009 model year vehicles for sale in these segments," Edmunds.com Senior Analyst Jessica Caldwell reported to AutoObserver.com. "Dealers should be open to any decent offer since they know that these vehicles, which often sell to a fashion-conscious crowd who don't want last year's model. There will be nothing harder to sell than a 2009 convertible in winter with 2010 fast approaching."
Edmunds.com's analysts predict that prices will continue to fall for 68 percent of all 2009 models still available. Most of the remaining new vehicles will hold their current prices, since they are already discounted to their full capacity. Recommendations about when to buy each model are available in the trend report at http://www.edmunds.com/tmv/alerts.html.
"Lincoln, Saab and Volvo in particular are great deals right now — each has a history of significant depreciation during model year changeovers, and this year it may be more dramatic than ever," noted Caldwell. "The economy has hit them hard, and today's favorable used car pricing is creating heavy competition for their new models."
Every remaining Pontiac and Saturn is also selling at significant discounts due to the imminent closure of those brands. Knowing that dealers must rid their lots of these discontinued models can give consumers great bargaining advantage.
Among the models recommended for immediate purchase in Edmunds.com's article "Top 10 Dead or Dying Models" at http://www.edmunds.com/reviews/list/top10/159026/article.html are:
- BMW Z4 Coupe
- Ford Taurus X
- Hyundai Entourage
- Pontiac G8
- Toyota Camry Solara
"These vehicles are also great bargains on the used car market, since discontinued models typically experience steeper-than-usual depreciation," reported Edmunds.com Editor Warren Clarke.
About Edmunds Inc. (http://www.edmunds.com/help/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 and home to the oldest and most established automotive community. 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.