Car shoppers could land good deals with Memorial Day weekend sales push

In fact, about 67 percent of vehicles sold in May are forecast to be trucks and SUVs, according to Edmunds.

Nevertheless, if gas prices continue rising, car shoppers could begin factoring in what lower fuel efficiency means for their wallets.

As for incentives, the average in April was about $3,700, which was $187 higher than a year earlier, according to J.D. Power’s most recent data. Generally speaking, the larger discounts can be found on trucks and SUVs.

Meanwhile, if you’re considering a used car, there’s plenty hitting dealer lots. In fact, an estimated 3.9 million vehicles are coming off their leases this year, according to Cox Automotive. That means there will be many dealers eager to unload them.

More from Personal Finance:
Americans face high gas prices, crowded roads this Memorial Day weekend
4 ways your vacation can go wrong — and how to avoid them
How the just-passed banking overhaul bill affects consumers

Before you make your way to the dealership, there are a few things you should do to find the best deal available and prepare for your purchase.

Be the first to comment

Leave a Reply

Your email address will not be published.