The last few months of the year are often the best time to buy a car. This year, there have been lots of summer deals that have appeared following slow sales earlier this year. To help out your buying decision, U.S. News took a look at industry sales data from the second quarter of 2020. It picked out highly-rated cars and SUVs that have had slow sales, giving you the opportunity to negotiate a great deal with the dealership. The Toyota Camry and Honda Accord are both on the U.S. News list, so it may be the right time to take a look at these two popular cars.
Low spring vehicles sales
The ongoing pandemic has negatively affected so many aspects of life, including car sales. Manufacturers worked to develop programs to help car buyers with payments, and dealerships developed expanded online sales and home delivery of vehicles.
Even so, J.D. Power found that new car sales in April 2020 were 45 percent lower than in April 2019. Sales did begin to recover in May and June, and July 2020 sales were just 4 percent lower than expected. Fleet sales were way down as well, due to lower demands from businesses and car rental agencies. In response to these conditions, now is a great time to find generous incentives and fantastic financing. Some manufacturers also offer extra deals for first responders.
The 2020 Toyota Camry
The 2020 Toyota Camry has an overall rating of 8.5 out of 10 from U.S. News. This car has a reputation for reliability as well as safety and fuel efficiency. It won the 2020 Best Midsize Car for the Money and 2020 Best Midsize Car for Families awards from U.S. News. It offers both an agile and comfortable ride as well as a number of high-tech features.
Even such a fantastic car has seen falling sales, with a drop of 28.5 percent when compared to the same time period in 2019. To win your business in August, Toyota is offering 0 percent APR financing for five years for qualified buyers and offering payments as low as $189 per month for three years after $2,999 due at signing for an LE trim for qualified lessees. The exact offers are different in different areas of the country. The 2020 Toyota Camry has a starting price of $24,425.
The 2020 Honda Accord
The 2020 Honda Accord has an overall rating of 8.3 out of 10 from U.S. News. The Accord was a finalist for the same two awards as the Camry – the 2020 Best Midsize Car for the Money and 2020 Best Midsize Car for Families awards. Car and Driver describes it as “perennially the most impressive family sedan on sale.” U.S. News calls the Accord’s performance “engaging” and says it “offers a smooth ride.” It has a high-quality interior with plenty of space.
Sales of the 2020 Accord dropped 31.4 percent during 2020 as compared to the same time period in 2019. To entice buyers, during August, Honda is offering qualified buyers 1.9 percent financing for up to five years. Qualified lessees may be able to pay $239 per month for three years after $2,599 due at signing. The 2020 Honda Accord has a starting price of $24,020.
The pandemic has hurt car sales and so many other businesses and families. However, cars with slow sales are well-positioned for lots of great deals. If you’re considering either a Toyota Camry of a Honda Accord, this summer may be the perfect time to talk with your local dealership to see what the manufacturer and the local dealership can offer you.