Bump in July car incentives helps close more deals - The Detroit News
Deep discounts on certain models and zero percent financing have car and truck buyers scooping up new vehicles — through outright buys and leases — at a pace not seen since 2000. The amount of cash customers were getting off a vehicle’s original... But manufacturers and dealers are heavily discounting certain segments such as slow-selling sedans, hybrids and electric vehicles as customers increasingly turn to utilities, crossovers and trucks. The highest discounts last month were on subcompact cars (up 28. 7 percent) and midsize cars (up 21. 7 percent), according to TrueCar. Incentives fell on popular segments such as midsize SUVs (down 5. 1 percent) and sports cars (down 10 percent). com said 13 percent of buyers last month locked in a zero percent APR, making it easier for buyers to afford more expensive vehicles. TrueCar said large truck incentives were up 12. 7 percent last month to an average of $3,975. GM and Fiat Chrysler Automobiles are trying to squeeze out every sale while Ford’s F-150 continues its slow comeback from a lengthy changeover to the new... Jody Lee, new car sales manager at Taylor Chevrolet, said some qualified buyers are leasing $44,000 Chevy Silverado. Source: www.detroitnews.com
