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"Industry analysts see retail prices coming down in the coming months, which means shoppers in the market for used cars can find steep discounts. 'If you need a car now, just try shopping right now,' Ivan Drury, senior manager of insights at Edmunds, said. 'Throw out some feelers, because if you get a dealer who is aware that in a month it's just going to get harder and harder to sell [and that] they're going to have to keep reducing prices, you might be able to take advantage of this sooner versus later.'"
"...Ronald Montoya, senior consumer advice editor at Edmunds, and Rich White, executive director of the Car Care Council, a nonprofit that educates drivers on automotive maintenance, all shared some tips and tricks for keeping a sitting car well maintained in the near term and in the long haul."
“Things are moving so fast,” says Ron Montoya, senior consumer advice editor at car-buying site Edmunds. He says even the information on a dealership’s website might not be current, so be sure to call or text to find out about closures before you begin to shop.
"Be cautious and make sure your vehicle choice is the right one in these times of uncertainty. If you’re feeling pressured by an expiring lease, see if it can be extended on a month-to-month basis until things settle down. If your circumstances allow for it, waiting even a little while may give you a better sense of where things are headed down the road."
"Maintaining cleanliness in your car is a small act that can go a long way toward the greater good. If you are going to take trips outside, do everything you can to slow or prevent the transmission of the coronavirus. Disinfecting your steering wheel over and over again might seem tedious and unnecessary, but it is likely to save lives."
"While modern vehicle technology has made new cars more expensive, the good news is that the best tech is no longer relegated to the high end cars."
"Goodwill gestures from brands will be extremely helpful for car owners facing financial hardship in the weeks ahead."
"A new breed of crossover SUVs is here. Extra-small crossovers provide close to the same utility as small crossovers but cost less and get better fuel economy."
"Another vehicle that Ivan Drury, senior manager of industry analysis for Edmunds, called out as a better deal new than used is the Toyota Tacoma truck. And indeed, the difference is even more dramatic here."
“There are a lot of ETs (electric trucks) coming our way, seemingly out of nowhere. There used to be just a bunch of rumors and now we seem to have a crowded market place.”
