Big surprise, car sales will be down in the coming months

So the government had a great idea to help boost the economy and eliminate some pollution by offering the “cash for clunkers” program. As you may know from a previous post Once again screwed by government stimulus plan I wasn’t a big fan of the program. Today it was reported that auto sales were up 1.3 million in August, a roughly 30 percent increase from July.

Guess what? The program is over and there are no more rebates to hand out. Car sales are expected to drop in the coming months leaving many dealerships struggling to make sales goals. Will the government have to spend even more money for another bailout program or will the auto industry be able to lure more buyers with great incentives and low interest rate financing.

No matter how you feel about the “cash for clunkers” program or if you didn’t get to take advantage of the program there will probably still be some good deals on new cars in the coming months. For the first time ever that I can remember Toyota is offering 0% interest on the new Camry. If you are in the market for a new, dependable, family car it’s almost too good of a deal to pass up.

I’m not a big fan of purchasing new cars, but with some of the deals that may be coming in the following months you may want to consider a new purchase.  So, because of the hard times that hit the auto industry you may be able to take advantage of a struggling market.