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Cars Blog

Now is the time to find good deals on new cars

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November 26, 2008 10:30 am
By Peter C. T. Elsworth

Right now could be the best time ever to buy a vehicle, if you aren't worried the maker will go out of business, shutting off parts and service and ruining resale value, according to USA Today.

"There are going to be fabulous deals. ... It's a buyer's market," says Tom Libby of Power Information Network.

"I've been doing this 15 years, for more than 101,000 customers, and I've never seen a time like now," says James Bragg of Fighting Chance, which helps car buyers get discounts. "This month is better than the week between Christmas and New Year's, historically the best time."

Because of the economy, sales are falling faster than automakers can cut production, leaving dealers with a good selection. October new vehicle sales were at an annual rate of 10.6 million, the worst since World War II, adjusted for population growth.


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