BEST TIME TO BUY A NEW CAR…REALLY!

Stats FROM AUTONEWS

Record Incentives Climb To 20 Percent Of Sticker Price

Average incentive in US was $2,914 / vehicle sold in Feb. ’09, up $216, or 8.0%, from Jan. ’09
Up $400, or 15.9%, from Feb. 2008
Last time sales were at this level was in early 1980s, when US had 25% fewer licensed drivers
Consumers not motivated to buy based on what they are seeing in marketplace
Instead waiting for boost of economic confidence before making major purchase

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