In fact, about 67 percent of vehicles sold in May are forecast to be trucks and SUVs, according to Edmunds.
Nevertheless, if gas prices continue rising, car shoppers could begin factoring in what lower fuel efficiency means for their wallets.
As for incentives, the average in April was about $3,700, which was $187 higher than a year earlier, according to J.D. Power’s most recent data. Generally speaking, the larger discounts can be found on trucks and SUVs.
Meanwhile, if you’re considering a used car, there are plenty hitting dealer lots. In fact, an estimated 3.9 million vehicles are coming off their leases this year, according to Cox Automotive. That means many dealers will be eager to unload them.
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Before you make your way to the dealership, there are a few things you should do to find the best deal available and prepare for your purchase.
Source : CNBC