June 22, 2024
News

Discounts on vehicles for the year 2023 increase by 116% compared to the previous year

Dealers are increasing incentives in preparation for Memorial Day weekend to address growing inventory levels. The national average of 2023 model year vehicles on dealer lots rose to 6.8% in May, as reported by Edmunds in a vehicle discounting report released on May 22. This means consumers may find it easier to locate…

FAQ

Q: What types of incentives are dealers offering?

A: Dealers are offering a variety of incentives such as cash rebates, low APR financing, and lease specials to attract customers.

Conclusion

With inventory levels on the rise, dealers are ramping up incentives for Memorial Day weekend to move vehicles off their lots. Consumers should take advantage of these offers to potentially save on their next vehicle purchase.

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