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Car Incentives Are Getting Scarce

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Car Incentives Are Getting Scarce

Business

Car Incentives Are Getting Scarce

Car Incentives Are Getting Scarce

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  • <iframe src="https://www.npr.org/player/embed/129545907/129545927" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Aggressive incentives that have lured drivers into dealerships, even during the recession, are starting to disappear. That's the assessment from Edmunds.com. The auto information site says with automakers newly lean and profitable, they're pulling back on promotions.

RENEE MONTAGNE, host:

NPR's business news starts with great auto deals getting scarce.

(Soundbite of music)

MONTAGNE: Those aggressive incentives that have lured drivers into dealerships, even in a recession, are starting to disappear. That's the assessment from Edmunds.com. The auto information site says now that automakers newly lean and profitable, they're pulling back on promotions.

In July, automakers offered a thousand less in incentives per car than a year earlier. One assessment of current prices: This is as good as it gets. But the lack of incentives is hurting auto sales. The industry expects this month to be the worst August in 18 years.

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