Overhaulin'

it is true that new car prices might drop for late 2008 early 2009?

Public Comments

1. yeah, don't you pay attention to the news? oil has plummeted from almost $140 a barrel to $55, what do you think is going to happen the the price of cars? that is of course assuming that the global economy doesn't crash and that everything we know and love comes to an end
2. hi sorry to say this but I have no idea what ur talking about?? so nxt time plz make sense and then I will answer u got it
3. No it's not. Just the opposite. The prices of '09 American nameplate cars has risen anywhere from 3 to 8% over '08 prices. The cost of raw materials has shot through the roof and that leads to a hike in prices. The rebates on remaining new '08's may increase, driving the overall cost of the cars down. But that's it. As for the foreign nameplates, they've increased by the same rates. And it's even worse for those cars that actually are built in Asia and Europe and imported here. They've gone up as much as 12% over '08s.
4. They'll lower their prices as long as they don't get the bail out that's being considered. They'll be business as usual if they get someone to foot the bill for them. Even if they don't get the bailout, don't expect huge discounts from what the prices are at now. Inexpensive cars don't have a huge profit margin. If they dropped the price by $1,000 they wouldn't be making enough to make it worthwhile to sell it. Luxury cars and large SUV's have larger profit margins, you might see prices fall by about $3,000. The insider above me is right to a point. The costs have gone up and the sticker price has risen. If they lower the prices you'll see it in rebates from the manufacturer that can change on a daily basis, not the sticker price.
5. The 2009 model price went up about $1500 or more. The rebates are starting to go away for the 2008 models if you wait much longer I think you will find very few 2008 models on the lot. My own dealership has no 2008 cars and no 2008 4wd trucks a big seller here. You may not want to wait long.
6. Rarely do prices go down when a new model year is announced. This is the perfect time for manufacturers to increase prices because it's easier to justify higher prices with new designs and features being introduced. But I think what you are asking, is winter a better time of year to purchase a car. Especially this winter when the economy is in such bad shape. There has never been a better time to purchase a new car than NOW. If you have good solid credit you can get a great deal on a new car, not just from the U.S. Big 3 but every manufacturer is feeling the pain of the down market. Don't expect to get an attractive trade allowance and don't expect approval if your credit is questionable but for those customers who are credit worthy the potential for negotiating rock bottom prices on new (and some used) cars has never been better. Why wait, why hope the economy gets worse. If you are in the market go buy now.
7. Sticker prices are actually going up as manufacturing costs rise. However, car companies are so desperate for sales right now that they are offering promotional rebates, low interest rates, and lease deals on many models, both 2008 and 2009. Here's a list of all the current incentives: http://www.leaseguide.com/Articles/car-rebates.htm .