Bargains On Stranded Cars

December 2, 2004 11:25 AM

Bargains On Stranded Cars

Excerpt: Data from Edmunds.com and the Power Information Network, an affiliate of J.D. Power & Associates, both show that 2004 models are making up a larger percentage of sales this fall than in the past. The trend means better bargains available for car buyers willing to take those older model vehicles. It also means still thinner margins for automakers, especially General Motors Corp. (Research), which apparently had the most 2004 models left on the lots in October.

Automakers are having a harder time clearing their lots of the previous year's models, according to two leading auto sales trackers.

Data from Edmunds.com and the Power Information Network, an affiliate of J.D. Power & Associates, both show that 2004 models are making up a larger percentage of sales this fall than in the past.

The trend means better bargains available for car buyers willing to take those older model vehicles. It also means still thinner margins for automakers, especially General Motors Corp. (Research), which apparently had the most 2004 models left on the lots in October.

Edmunds data shows 2004 models made up 54 percent of new vehicle sales in October, compared to a year earlier, when 2003 models made up only 45 percent of October sales. In October 2002 only 31 percent of the new vehicles sold were 2002 models, according to Edmunds.

READ FULL STORY ...

8 Top Auto Maintenance Myths (December 19, 2004)

Want to save hundreds of dollars a year on automobile maintenance? Then stop over-maintaining your vehicle. Sales pitches by fast-and-furious oil change shops and service centers touting all sorts of fluid flushes and lube jobs have Americans wasting wads of cash on unnecessary service items ...

Buy a New 2004 or a 2005? (December 17, 2004)

It's that time of year when the new cars and trucks sit on dealers' lots alongside last year's models. The deals look more tempting on the 2004s, but it's not always clear which purchase would be the better long-term value. For example, GM just introduced ...

Tips For Saving Fuel (November 26, 2004)

With gas prices approaching $2.00, drivers can benefit from many different strategies to save fuel. The obvious first step is buying a fuel-efficient car. To get the best fuel economy, choosing a four-cylinder engine rather than a V6, or a V6 rather than a V8 ...

Leasing Demystified (November 26, 2004)

THE FIRST THING to understand is that leasing is not renting. When you lease a car, you are arranging for the vehicle to be sold to a leasing company -- usually an arm of the manufacturer. The leasing company then lets you use it for ...

Read all 11 posts in the same category of Car:

It Pays To Surf For Auto Loans Online - Jan 23, 2005
5 Tips: Buying A New Car - Jan 15, 2005
Reinventing The Wheel (And The Tire, Too) - Jan 03, 2005
Largest Used-Car Dealer? You'll Be Surprised! - Dec 27, 2004
Cutting Auto Costs With Car Sharing - Dec 27, 2004
Holiday Car Shopping - Dec 22, 2004
8 Top Auto Maintenance Myths - Dec 19, 2004
Buy a New 2004 or a 2005? - Dec 17, 2004
Tips For Saving Fuel - Nov 26, 2004
Leasing Demystified - Nov 26, 2004

Related Sites
• Structured Settlements
www.setcap.com - cash for structured settlements, sell annuity, lottery winnings, and more.

• Personal Finance: Finance News Today provides money saving tips, news, and articles on personal finance issues like insurance, real estate, college planning and much more.

• Compare all our 0% Credit Card UK against our 0% balance transfers and cash back deals.

• Browse through our Credit Cards deals and apply online.

• financial tip - financial tips article and more.

• Arizona llc - incorporate a arizona llc. they offer solutions for limited liability company asset protection in arizona and california. incorporation services are provided online with 24 hour filings and expedited approvals. www.paralegal-plus.com for cpa lawyers.

• Credit Repair
repairmycreditnow.com/Credit_Repair_Advice.htm - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process ™.

• Citibank Home Equity Lines of Credit: Rates as low as Prime - 0.50% variable APR for Life, currently 5.50% variable APR.

• Day Trading - day trading signals for active stock and options traders.

• Ken Langone - ken langone: make my day

• Credit Repair - repair my credit now credit services offers credit repair, restoration and education through our exclusive "v" phase process ™

• Online Option Trading - oexoptions is an oex online stock option trading company offering a free 15-day trial for all new customers.

• fix bad credit

Want to See Your Ads Here? Claim Your Ad Space at Personal Finance Weblog by Writing to Webmaster. Starting at $25/month, see your text ads in more than 2,000 indexed pages at PFBlog, the Best Personal Finance Blog, or MM Money, MM's Daily Personal Finance Readings. Full Rate Card Available Here.