How is your car doing? Is it getting to the point where you might need to start looking for a new car? Well if so, you are doing exactly what industy experts are predicting. Our reporter, Summer Joy, looks into the details of upcoming car sales and what you need to know before you buy.
If it's that new beautiful sports car, SUV, or Chevy Impala that you have been looking at... this might be the year to treat yourself. Car experts say while prices may not plummet too much... they are expecting an increased number of people on the market for a new ride... and that could mean dealerships offering incentives to get those buyers on their showroom floors.
"Fuel friendly SUV, like our Equinox, it is a great Idaho vehicle. All wheel drive, yet still gets good fuel economy, it's definitely a winner," said GM of Coal Chevrolet, John McCormick.
And among the incentives local car salesmen say you should look out for: costumer cash, rebates, deals on trade ins, and supportive leases.
Industy experts are suspecting that new car sales in 2013 are going to have a pretty good increase, while used car sales will only see a moderate increase. About ten years ago they were selling between 15 and 17 million units nationwide. But after the tough economy, car sales took a hit, the last few years only selling between 10 to 12 million units per year.
"We are now to a point, where it's almost a replacement factor situation. We had more in the last three years go to the scrap yard than we have had get replaced and put back into the system. It's almost just a replacement situation, people have to replace the vehicle at some point in time," added McCormick.
Since you might be one of the million people purchasing a new car this year, McCormick wants to encourage you to be wise and use common sense.
You really have to sit down at the end of the day and decide what is the best for you, fuel economy, comfort, room, off road capabilities, its really about what you need. Compare some used ones to the price of a new one, after the rebates have been applied and see what makes sense to you," said McCormick.
A few other tips on buying a new car include, make sure you find out the true market value, as well as, cashing in on those incentives and rebates to save money. Do your research to help you find the right car for your family, and don't forget to ask about the car fax, or the history or auto report.