Car Incentives Are Getting Scarce
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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