Posts Tagged 'incentives'

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New Vehicle Spiffs Rise Noticeably In April

According to Autodata, automakers elected to hold the line on incentives over the first three months of the year following a two year period of steady increases. But the year’s short-lived streak was broken last month, as manufacturers increased incentive spending by 3.2% compared to last April to an average of $2,671 per unit. The month’s moderate rise placed spending year-to-date 1% higher than it was over the period last year.

What New Vehicle Incentives Mean to Used Car Prices

It makes sense: incentivizing someone to purchase a car with cash, finance deals or lease deals reduces the price of that vehicle down the road. But just how much the different types of incentives impact used prices may surprise you.   A new vehicle cash incentive of $1,000 reduces the price of a one-year-old used vehicle by nearly $600, while $1,000 spent on finance and lease incentives reduces the price of that same one-year-old vehicle by $165 and $89, respectively.  If market conditions, such as the economy, time of year, level of supply, etc. and manufacturer suggested retai ...

 

    

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