With car sales in the dumps, many dealers say last year’s models have piled up on the lots and they’re having a hard time selling them.
For some dealers, more than 50% of their inventory is left-over 2008 models that never sold.  Dealers ordered too many cars from the factory before the economy tanked late last [...]

As if getting a loan for a new car wasn’t already hard enough, buyers of Chrysler will, in many cases, be expected to put up much larger down payments.
Lenders are worried that values of Chrysler vehicles will drop drastically, leaving them with a liabilty if they need to reposses the car.  Their worries are justified, [...]

If you’re looking to buy a car and happen to live near the town of Tracy,  California, you’re in for a nice surprise.   The city has agreed to give the first 800 new car buyers a gift card worth $500 towards the purchase of a car.
The town is suffering because a lot of its tax [...]

Shortly after filing for bankruptcy, the residual values of 2009 Chrysler vehicles dropped 6% according to Automotive Lease Guide, the leading publisher of residual values.
This means the typical 2009 Chrysler sold today will only be worth 31% of its original sticker price after only 3 years.
This is a big reason why consumers tend to stay [...]

After declaring bankruptcy and seeing sales dive 50% last month, Chrysler is now offering $4,000 cash rebates on 2009 vehicles.
On top of that, they’re offering $1,000 cash if you’re a current Chrysler owner and up to $1,000 for financing through a participating credit union.
Chrysler is worried consumers won’t buy from a bankrupt company. Many [...]

Democratic lawmakers have proposed a new cash-for-guzzlers bill that will provide vouchers of up to $4,500 for new car buyers who trade in cars that are less fuel efficient.
Here are the details: Car buyers would get $3,500 if they trade in a car that gets less than 18 mpg for a new car [...]

Used cars from model years 2005 thru 2008 have gone up in price drastically in the last 45 days. 
Surprisingly, Chrysler vehicles are leading the way.  Prices  of Jeep vehicles at auction have gone up a whopping 10% since February.
Ford and Toyota have gone up around 5%.  There’s a couple of reasons for the price [...]

Car buyers who’ve patiently waited for the new 2010 Mercedes E class got a nice surprise.  Mercedes announced the price will be $4,600 BELOW the current year’s model.
Mercedes usually doesn’t provide rebates but they realize something needed to be done to sell the cars.  In lieu of rebates they tend to price cars close to [...]

Chrysler has shut down all production until it emerges from bankruptcy. This is expected to take at least 1 to 2 months. Meanwhile, GM has stopped production at most North American plants for 9 months starting May 4.
Chrysler was forced to stop production while GM is simply constipated. There are too many cars [...]

Car companies today reported their sales figures for April.  Sales of Ford, Honda and GM were inline with forecasts, but Toyota and Nissan did a lot worse than expected.
Toyota sales were down nearly 42% compared to the year ago period while Nissan sales were down 37.8%.   These are simply awful figures, especially for Toyota [...]