When's the Right Time to Buy a Car?

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By
Muhammed El-Hasan
on September 2, 2009 9:19 AM | | Comments (0) |

An interesting and unintended consequence of Cash for Clunkers.


Now Is Not a Good Time to Buy a Car, Edmunds.com CEO Says

In the market for a new car but your current set of wheels didn't qualify for the "cash for clunkers" program? Edmunds.com CEO Jeremy Anwyl says hold off, if you can. His advice "would be to wait probably until November" when inventory levels normalize.

In an interesting market dynamic, the Clunkers program drove up demand so much, certain vehicles actually got more expensive. Prices "were up during the program and they're still up today because inventories are still very lean," he says.

Read more on car buying.

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This page contains a single entry by Muhammed El-Hasan published on September 2, 2009 9:19 AM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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