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Last updated on April 19, 2014 at 8:45 EDT

Big Cash Rebates, Great Deals Available On Remaining 2012 Model-Year Inventory

December 21, 2012

IRVINE, Calif., Dec. 21, 2012 /PRNewswire/ — Consumers typically can find the best deals of the year in December, and this year should be no different, according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information. While replacement vehicle demand in the Northeast following Superstorm Sandy should help drive sales in December, the bulk of sales will come from buyers who are waiting to take advantage of year-end clearance events.

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To aid in this process, KBB.com analysts examined the latest data and identified new cars with sizeable discounts based on Kelley Blue Book Fair Purchase Price. The Kelley Blue Book(®) Fair Purchase Price is the price people typically pay a dealer for a new car, based on actual new-car transactions and adjusted regularly as market conditions change. This information can help reduce the friction between dealers and consumers, offering buyers with a realistic and relevant picture of what others are paying for similar models in their area.

“As has been typical all year, consumers should expect to find zero-percent financing and aggressive lease offers available on most popular models,” said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. “While affordable financing is widely available, sizable cash rebates are offered only for a handful of segments and models. Consumers in the market for a full-size truck or SUV will find the most generous cash rebates, while compact or mid-size shoppers will want to check out any remaining model-year 2012 inventory for potential end-of-year savings.”

Buyers looking for a truck or SUV will find the best opportunities for savings since there are a slew of models available with more than 100-days supply nationwide. Popular models such as the Chevrolet Silverado, Chevrolet Tahoe, Ram 1500 and Ford F-Series are available with thousands of dollars in rebates, thanks to high supply. These may be some of the best deals available all year, so in-market truck shoppers will want to act quickly.

    Big Cash Rebates Offered on Model-Year 2012 Pickups
    ---------------------------------------------------
    Make                       Model                       Trim                      MSRP         FPP*         % of MSRP       Cash        60-Month
    ----                       -----                       ----                      ----          ---         ---------       ----        --------
    Nissan                     Titan Crew Cab              SV Pickup 4D 5 1/2 ft          $33,715      $30,800           91.4%      $4,850          0.9%
    ------                     --------------              ---------------------          -------      -------           ----       ------          ---
    Toyota                     Tundra Double Cab           Pickup 4D 6 1/2 ft             $29,740      $27,301           91.8%      $3,000          0.0%
    ------                     -----------------           ------------------             -------      -------           ----       ------          ---
    Ram                        1500 Quad Cab               SLT Pickup 4D 6 1/3 ft         $31,510      $29,224           92.8%      $4,000          0.0%
    ---                        -------------               ----------------------         -------      -------           ----       ------          ---
    Ford                       F150 Regular Cab            XLT Pickup 2D 6 1/2 ft         $28,960      $26,889           92.9%      $6,500          0.0%
    ----                       ----------------            ----------------------         -------      -------           ----       ------          ---
    GMC                        Sierra 1500 Crew Cab        Denali Pickup 4D 5 3/4 ft      $49,605      $46,945           94.6%      $4,500          0.0%
    ---                        --------------------        -------------------------      -------      -------           ----       ------          ---
    Chevrolet                  Silverado 1500 Extended Cab LT Pickup 4D 6 1/2 ft          $31,400      $29,777           94.8%      $4,500          0.0%
    ---------                  --------------------------- ---------------------          -------      -------           ----       ------          ---

    *Fair Purchase Price (FPP) is the Source: Kelley Blue Book Automotive
     price people typically pay a                                Insights
     dealer for a new car, based on
     actual new-car transactions and
     adjusted regularly as market
     conditions change.

“Consumers looking for a deal who are not interested in a truck should focus their attention on the remaining model-year 2012 inventory available for sale,” said Gutierrez. “Approximately 70 percent of all new vehicles available for sale today are 2013 models, and Kelley Blue Book expects the remaining 2012 vehicles to go quickly. An average buyer seeking a new car can expect to pay 93 percent of manufacturer’s suggested retail price (MSRP) for a 2012 model year and only slightly more than that for a 2013.”

To aid consumers seeking a great deal on a 2012 model-year vehicle, KBB.com analysts identified vehicles with at least 1,000 units in remaining inventory nationwide that are available with the most sizable discounts, according to Kelley Blue Book Fair Purchase Price.

    Great Deals on Remaining 2012 Inventory
    Make                        Model       Trim             MSRP         FPP*         % of MSRP       Cash        60-Month
    ----                        -----       ----             ----          ---         ---------       ----        --------
    Ford                        Focus       SE Sedan 4D           $18,295      $17,244           94.3%      $2,500          0.0%
    ----                        -----       -----------           -------      -------           ----       ------          ---
    Toyota                      RAV4        Sport Utility 4D      $24,860      $23,407           94.2%      $1,500          0.0%
    ------                      ----        ----------------      -------      -------           ----       ------          ---
    Nissan                      Sentra      Sedan 4D              $17,220      $16,101           93.5%      $1,500          1.9%
    ------                      ------      --------              -------      -------           ----       ------          ---
    Hyundai                     Sonata      SE Sedan 4D           $23,970      $21,794           90.9%      $1,500          1.9%
    -------                     ------      -----------           -------      -------           ----       ------          ---
    Mitsubishi                  Lancer      ES Sedan 4D           $17,790      $16,523           92.9%      $1,000          0.0%
    ----------                  ------      -----------           -------      -------           ----       ------          ---

    *Fair Purchase Price (FPP) is the Source: Kelley Blue Book Automotive
     price people typically pay a                                Insights
     dealer for a new car, based on
     actual new-car transactions and
     adjusted regularly as market
     conditions change.

For more information and news from Kelley Blue Book’s KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb/.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the industry. Each week the company provides the most market-reflective values in the industry on its top-rated website www.kbb.com, including its famous Blue Book® Trade-In and Suggested Retail Values and Fair Purchase Price, which reports what others are paying for new cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies as well as governmental agencies. KBB.com provides consumer pricing and information on cars for sale, minivans, pickup trucks, sedan, hybrids, electric cars, and SUVs. Kelley Blue Book’s KBB.com ranked highest in its category for brand equity and was named Online Auto Shopping Brand of the Year by the 2012 Harris Poll EquiTrend(®) study. Kelley Blue Book Co. Inc. is a wholly owned subsidiary of AutoTrader Group.

SOURCE Kelley Blue Book


Source: PR Newswire