Looking for a winter holiday car deal this President’s Day weekend?
For those in the Northeast willing to venture out to dealer lots, expect a short test drive and great deal, on any convertible, mini-van or other less popular 2wd model. AWD and 4wd models are in scare supply among the nation’s most popular and luxury models: Jaguar XF and XJ AWD, Toyota , Honda and Ford anything 4wd, AWD, Kia Sportage and Sorento AWD and Jeeps, in general.
Interest rate and lease specials mark President’s Day car deals.
1.9% for 60 mos., and low lease payments will entice many to make the excursion to the lot, but color, feature and option flexibility are crucial to scoring a deal this holiday. Expect trade values to be lower as the KBB.com has adjusted for increased used car inventory. The lower mile, middle-age car imports and any, 4wd suv’s and trucks are still bringing strong value, but everything else is coming back to a more normal, traditional trade-in value.
In the Southeast, Southwest and West Coast, weather is beautiful but dealer inventories are at a historic low for the first quarter of a calendar year. Coming off a record new car sales volume in 2014 of over 16.7 million cars, trucks, suv’s and vans, 2015 will be lucky to match that sales rate, given the production cycles and commodity prices around the globe.
Add to this shortage a WEST COAST Port shutdown leaving cars from Europe and Asia floating at sea, while costing the economy billions in lost revenue, hundreds of jobs. If you are not in a hurry to replace your current ride, place an order with your dealer, and wait. Chances are the incentives and programs will continue through the spring, and you will get the deal you want, on the car you want… and that is the BEST deal for you.