Automaker incentives remained stable in June, reports Edmunds.com. According to Edmunds.com's True Cost of Incentives® (TCISM), the auto industry spent $2,187 per vehicle this month, down 1.6 percent
from May, and down 0.8 percent from June 2011.
"If you waited to buy a new car this month, it would have been very difficult to find better deals than you could have found in May," says Edmunds.com Senior Analyst Jessica Caldwell. "But as more 2013 model year vehicles hit dealer lots this summer, car buyers can start to expect better deals on the 2012 models that needed to be cleared out." Exception caught in main.
As always, shoppers can find the vehicles with the most compelling deals on Edmunds.com's True Market Value® Deals of the Month page. Edmunds.com also helps consumers get a sense of whether right now is a good time to buy specific new car models with its TMV® Predicted Price Trends.
Edmunds.com's monthly True Cost of Incentives® (TCISM) report takes into account all automakers' various U.S. incentives programs, including subvented interest rates and lease programs, as well as cash rebates to consumers and dealers. To ensure the greatest possible accuracy, Edmunds.com bases its calculations on sales volume, including the mix of vehicle makes and models for each month, as well as on the proportion of vehicles for which each type of incentive was used.
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