Automaker incentives in the US remained stable in June, according to analysts at Edmunds.com.

The organisation’s True Cost of Incentives showed the auto industry spent US$2,187 per vehicle last month, down 1.6% from May, and down 0.8% from June 2011.

“If you waited to buy a new car this month, it would have been very difficult to find better deals than you could have found in May,” said senior analyst Jessica Caldwell.

“But as more 2013 model year vehicles hit dealer lots this summer, car buyers can start to expect better deals on the 2012 models that needed to be cleared out.”

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Automotive Incentives Show Little Movement in June, Reports Edmunds.com

SANTA MONICA, Calif. — July 3, 2012 — Automaker incentives remained stable in June, reports Edmunds.com, the premier online resource for automotive information. According to Edmunds.com’s True Cost of Incentives® (TCISM), the auto industry spent $2,187 per vehicle this month, down 1.6 percent from May, and down 0.8 percent from June 2011.


“If you waited to buy a new car this month, it would have been very difficult to find better deals than you could have found in May,” says Edmunds.com Senior Analyst Jessica Caldwell. “But as more 2013 model year vehicles hit dealer lots this summer, car buyers can start to expect better deals on the 2012 models that needed to be cleared out.”

 

Average True Cost of Incentives® (TCISM) by Car Manufacturer

Manufacturer

Jun-12

May-12

Jun-11

June 2012 vs May 2012

June 2012 vs June 2011

Chrysler

$2,579

$2,614

$2,601

-1.3%

-0.8%

Ford

$2,626

$2,625

$2,707

0.0%

-3.0%

GM

$3,282

$3,441

$2,951

-4.6%

11.2%

Honda

$1,395

$1,425

$1,154

-2.1%

20.9%

Nissan

$2,383

$2,462

$2,033

-3.2%

17.2%

Toyota

$1,552

$1,589

$1,731

-2.3%

-10.3%

Industry

$2,187

$2,222

$2,204

-1.6%

-0.8%

 

 

As always, shoppers can find the vehicles with the most compelling deals on Edmunds.com’s True Market Value® Deals of the Month page at http://www.edmunds.com/deals-of-month.html. Edmunds.com also helps consumers get a sense of whether right now is a good time to buy specific new car models with its TMV® Predicted Price Trends at http://www.edmunds.com/tmv-alerts.html.

 

Edmunds.com's monthly True Cost of Incentives® (TCISM) report takes into account all automakers' various U.S. incentives programs, including subvented interest rates and lease programs, as well as cash rebates to consumers and dealers. To ensure the greatest possible accuracy, Edmunds.com bases its calculations on sales volume, including the mix of vehicle makes and models for each month, as well as on the proportion of vehicles for which each type of incentive was used.

 

Original source: Edmunds.com