Consumer Group Offers Tips on Car Buying in Shortage Market
The Consumer Federation of America (CFA)has outlined some tips for car buyers as consumers face an increasingly tight purchasing market.
“The problem,” says Jack Gillis, CFA’s Executive Director and author of The Car Book, “is that vehicle inventories are way down which means it’s a sellers’ market. Limited supply is a price-conscious car buyer’s biggest enemy.”
Vehicle inventory is down by about 30 percent which means car dealers have little incentive to negotiate. “The rule of thumb that nobody pays…