Now that you aren’t getting anything close to $125 from Equifax, it’s time to save some real money — on your next car, that is. Look at recent historical data from market research provider Motor Intelligence, and August has proven an unremarkable month for new-car incentives. But discounts are back on the upswing: J.D. Power pegged them at an average $4,074 per car last month, up 6 percent versus a year ago. Still, so are new-car prices.
J.D. Power projected the average new vehicle to transact at $33,182 in July, a new record for the month. Which cars shave the highest percentage off the total? We’ll detail some candidates below, but a word of advice first: If you can wait until the end of the month, it might pay off. Labor Day often ranks among the best periods each year for new-car incentives, and this year’s holiday falls on Sept. 2. That wraps into the end of the August sales calendar, adding a tailwind for end-of-month deals.
OK, sorry, that was long. We’ll take a closer look at Labor Day deals later this month. In the meantime, here are some discounts available now: