With supply issues making waves in today’s North American auto market, consumers are looking everywhere for the best guidance on how to avoid paying too much for a new car. This morning’s brand new offering from NADAGuides, an established car pricing company, is sure to help many new car buyers over the coming months. This unprecedented resource actually identifies the cars and vehicles that are the hottest on the market, and, thus, the hardest to find at local dealer lots.
Specific information like this is critical for today’s new car buyers. Why? Because it’s almost a sure thing that dealers will use the scarcity of 2011 models as a way to jack up the price, claiming that a certain year model is as rare as an albino elephant. There’s also legitimate price increase based on high demand and low supply. After all, a vehicle, much like a property, is worth exactly what the highest bidder will pay for it, and in today’s car crunch, many are willing to pay a high price.
Use of this new report starts with a list of the “most in demand” cars. The 2011 Ford Explorer and 2011 Honda Civic are both listed, as previously reported on this site. We’ve also covered the popularity (and thus, the scarcity) of the 2011 Hyundai Elantra and 2011 Hyundai Sonata as well as the 2011 Kia Sorento, all of which have a lot of value for cost, but may be overpriced due to a buying frenzy. It’s also no surprise that the 2011 Toyota Prius also pops up on this list: we’ve reported at length on how the Japanese crises, as well as the American fuel-saving mentality, have brought prices up for this front-runner in hybrid design.
But what new car buyers can really use is another feature of the Most in Demand review: NADA’s list of alternative models that can fulfill the same customer needs at lower current prices, providing the same features and amenities as well as similar fuel-efficiency. Domestic offerings include the 2011 GMC Acadia, while the 2011 Mitsubishi Lancer, 2011 Suzuki SX4, 2011 Nissan Altima, 2011 Mazda CX-7, and the 2011 Honda CR-Z all represent some of the best and most available 2011 vehicles from their respective auto makers. With Honda and Toyota fighting significant inventory problems, new car buyers may opt for any of the alternative car makers, with new car lots featuring a range of 2011 Nissan, Mitsubishi, Suzuki and Mazda models.
Let this hot-off-the-presses guide work for you: when you visit the auto financing desk, know which models are going to be priced for demand and which ones will get you moving for less. Industry news and inventory trends help the customer to leverage knowledge in a competitive auto financing and auto sales market.