Memorial Day auto deals: Here’s where to find them
61% of American car shoppers plan to buy a new car
Memorial Day is traditionally one of the top times to get a deal on a car, but this year is a little different.
The ongoing semiconductor chip shortage coupled with the lingering effects of previous production disruptions brought on by coronavirus lockdowns has led to low inventories and created a seller's market that's been driving average transaction prices sky high in recent months.
Nevertheless, a survey of car shoppers by Cars.com found that 43% of them still plan to buy a vehicle during the holiday weekend, with 61% of them looking for brand new vehicle.
However, there are deals to be had if you look hard enough, even on popular models, and there are a few huge ones if you bundle all of the incentives available.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GM | GENERAL MOTORS CO. | 47.94 | +1.92 | +4.16% |
F | FORD MOTOR CO. | 10.61 | +0.11 | +1.07% |
TM | TOYOTA MOTOR CORP. | 173.97 | -1.79 | -1.02% |
FCAU | NO DATA AVAILABLE | - | - | - |
According to iseecars.com, the 2021 Chevrolet Bolt EV qualifies for up to $12,000 worth of incentives and the 2021 Nissan Leaf $7,500. Both are $1,000 cheaper if you can find a 2020 model on the lot. Meanwhile, a 2020 Chevrolet Suburban can be had with $6,750 on the hood.
Here are a few other cash incentives available on top-selling models in dealer inventory that run through the weekend:
2021 FORD F-150 XL/XLT: $1,500
2021 RAM 1500 BIG HORN QUAD CAB 4X4 6'4" BOX: $3,500
2021 CHEVROLET SILVERADO 1500 CREW CAB: $4,000
2021 TOYOTA RAV4: $750
2021 NISSAN ROGUE: $500
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