Car Buyer's Paradise Right Now

With all the turmoil going on in the autmotive industry, now is a great time to be a new car buyer. Here is a partial list of things that are contributing to a car buyer's paradise:

• Chrysler shutting 789 dealerships by June 9th (clearance sales)
• GM shutting down 42% of dealers by end of 2010
• Car Sales down nearly 40% compared to last year
• Huge leftover inventory of 2008 and 2009 models
• Huge Incentives
• Sales tax deduction for new car buyers
• Cash for Guzzlers bill looks likely to pass, giving car buyers up to $4,500 credit

It's not surprising that according to J.D. Power and Associates, the average transaction price of a new car fell nearly 3% in the last 6 months. The average cash rebate rose 2.3% to $2,628 per vehicle.

Now is truly a great time to buy a new car.