Huge incentives on new cars, coupled with aging dealer inventories prompted a Metro Detroit Kia Dealer to launch a Buy a Car, get a Car Free sale. If you’re old enough to remember, that’s how some dealers were getting rid of the Yugo that were stuck on their lots after it was awarded the coveted “50 Worse Vehicle of all Time” by Time magazine.
Over the next few months I imagine that the OEM’s as well as Dealers will continue to get creative, like the Detroit dealer, to move the massive stock of new cars. In fact, I would not be surprised if a few manufacturers concoct a way to title the vehicles so they can send them to the auction and sell them as used.
Either way, if you have a stable job, can pay cash or qualify for new car financing, there has never been a better time to buy a new car (or two if you get one free). In addition to that great new car smell, you’ll be helping the ecomomy.
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