Here is something that should lift the spirits of the dampened hopes of car dealers today. Thanks to a study made by Edmunds.com, the past week alone showed that over 100,000 car shoppers are prepared to buy a car but have not closed deals yet. While the reason/s were not disclosed, for sure there will be something lacking like perhaps documents, car availability or preference or even apprehensions.

Regardless, this should be a good sign for car dealers who are looking for customers. With the surge of used cars pretty obvious with the current market conditions in the automotive industry, perhaps car dealers are looking in the wrong direction.

So what should they do? Re-evaluate their strategy. Perhaps they have overlooked some areas of their entire process which should more or less get them back on track as far as car sales is concerned. This and some new approaches can be beneficial for them. They just to adjust and study the market better .

(Source) Press

Tags: apprehensions, automotive industry, car availability, car dealers, car sales, car shoppers, Cars, current market, preference, spirits, wrong direction

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We may be in recession but car lovers are still looking for sports cars. According to carmax.com, car shoppers searching online for sports cars increased six percent in April from the previous month. Online sports car searches are up eight percent over January’s figures.

The No. 1 searched car on carmax.com for April was the popular Ford Mustang sports car. This was the first month it landed the top spot in searches in the last several years.

Three other sports cars ranking in the top 20 online searches for April were:

• 13th position – Infiniti G35
• 14th position – Dodge Charger
• 17th position – Chevrolet Corvette

“Whether customers are searching for that ‘instant classic’ or just a fun ride for the summer, carmax.com is the best place to find a car of any vehicle type that matches their needs,” said Ann Yauger, director of carmax.com. “Within the CarMax inventory there are thousands of vehicles of all makes and models for customers to choose from.”

(Source) Press

Tags: car buffs, car lovers, car shoppers, carmax, Chevrolet, chevrolet corvette, Dodge, dodge charger, Ford, ford mustang, fun ride, last several years, makes and models, other sports, recession, Sports Car, Sports Cars

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With most car companies basically frantic about trying to survive the economic storm, the deals and throw-ins of most companies have become too good to be true. Too good that it should not be surprising that the cost of new cars may very well be cheaper compared to buying a used car.

Edmunds.com, the premier resource for automotive information, today announced that the deals on some new cars are so generous that they actually make the new car less expensive than the one-year old used version of the same model.

Some automakers are currently offering special finance rates among the incentives offers they use to attract buyers. When applying the appropriate special finance rates being offered as incentives for new car purchases, Edmunds.com found the savings rose as high as $6,175. Edmunds.com estimates that approximately 18 percent of new car buyers qualify for the special finance rates offered by automakers.

“Never underestimate the cost of the interest on a loan, and never forget that if you have decent credit, you may be able to negotiate the interest rate you are offered,” recommends Edmunds.com Senior Consumer Advice Editor Philip Reed. “Car shoppers should look at all the costs of buying a car, not just the purchase price.”

(Source) Press

Tags: automakers, automotive information, buying a used car, car buyers, car companies, car purchases, car shoppers, economic storm, finance rates, interest rate, new car, new cars, price source

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Many people today need private modes of transportation and apparently it doesn’t have to cost much. Besides, there are a lot of decent second hand cars available in the market and people just have to find the right one. And that trend is bulking up as studies show that consumers are gearing more towards second hand cars these days.

According to a recent Cars.com survey, 32 percent of car shoppers who were thinking of buying a new car are now looking for a more affordable used car as a result of the economy. That’s up 5 percent from last October, when 27 percent of in-market shoppers said they would switch from buying new to buying used.

Certified pre-owned and used-car shopping activity continues to be strong on Cars.com, with consumer contact to dealers through the Cars.com website up 18 percent year-over-year for used cars, and more than double that for certified pre-owned cars.

“Consumers are still focused on cost-cutting, and one way to do that is to find a solid used car to help save on the depreciation costs that typically come with buying a new car,” said Cars.com Editor in Chief Patrick Olsen. “Manufacturer certified pre-owned programs also offer consumers a good value by giving them some of the benefits of a new car – extended warranties and certified inspections – but with the price of a used car.”

(Source) Press

Tags: buying a new car, car buyers, car extended warranties, car shoppers, car shopping, car source, certified pre owned cars, depreciation costs, modes of transportation, pre owned cars, private modes, second hand cars

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In a move that aims to properly get rid of dilapidated or old cars, the German government has reportedly offered to pay $3,250 for people who junk their old cars. The said rebate would be a big help to direct them towards new environmental friendly vehicles, a move that is connected with the $67 billion government plan of Germany.

It’s getting car shoppers’ attention. Abdul Kamand of Frankfurt said the deal looked good as he admired new Volkswagens this week at a Frankfurt dealership.

“I’ve got a Golf with more than 10 years on its back; the car’s old,” Kamand said. “Through this I can make a profit. They’re giving me more than I’d be able to get for the car if I tried to sell it.”

(Source) Sentinel Source

Tags: car shoppers, frankfurt, german government, Germany, government plan, kamand, new volkswagens

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