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Ongoing economic uncertainty coupled with extreme weather conditions across most of the country over the past month has caused a slump in auto sales and low traffic numbers at dealerships throughout the United States. With Presidents Day weekend quickly approaching, a weekend historically known as one of the best times to purchase a vehicle, industry experts anticipate consumers to find the best deals of 2014 to date.
"Presidents Day weekend has always been one of the best times of the year to buy a new car, but we expect this weekend to be even better in terms of deals for consumers compared to the last few years," said Jesse Toprak, chief analyst at Cars.com. "The weather has been particularly brutal recently causing inventory to pile up at many dealerships across the country and very slow showroom traffic. This may mean that dealers will be motivated to offer larger-than-normal discounts for vehicles in competitive segments on top of the already generous incentive programs offered by the manufacturers."
Special Presidents Day Deals:
Cars.com shares industry news, insights and dealership best practices to help dealers and manufacturers better understand the automotive landscape, automotive shopping trends and new consumer behavior. For more information, visit http://dealeradvantage.cars.com/.
Cars.com is an award-winning online destination for car shoppers that offers information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. Cars.com offers thousands of new and used vehicle listings, consumer reviews, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and many other tools. Cars.com put millions of car buyers in control of their shopping process with the information they need to make confident buying decisions. Launched in June 1998, Cars.com is a division of Classified Ventures LLC, which is owned by leading media companies, including Belo (NYSE: BLC), Gannett Co., Inc. (NYSE: GCI), The McClatchy Company (NYSE: MNI), Tribune Company and The Washington Post Company (NYSE: WPO).