Thursday, November 19, 2009

Is it the right time to buy a car? Ask

Are vehicle prices going up or down? has created True Market Value® Predicted Price Trends for most models over the next 30-days from the date the information is posted. The November 16, 2009 posting shows just four vehicles expected to increase in price: 2010 Acura RL, 2010 BMW M5, 2010 Porsche 911 and 2010 Volvo XC60. The rest of the vehicles on the current list will see a flat or declining price.

The Volvo XC60 (pictured at the 2008 Geneva Auto Show) is the only vehicle that gets a big fat up arrow which translates to big increase (2% or greater). (Volvo's union workers are meeting today regarding Ford's sale of Volvo to Geely of China.) I recently drove the XC60 and found the Lane Departure Warning an interesting feature along with Collision Warning with Auto Brake. The Volvo website has the XC60 starting at $32,995 MSRP.

Predicted TMV® Pricing Trends is based on a proprietary formula that considers:
inventory level history, days-to-turn history, current and historical consideration intent among shoppers on, prior incentives, past retail unit sales, historical True Market Value® prices, current actual transaction prices, brand pricing and incentive patterns, scheduled launches of new or revised competitive products and macroeconomic factors that affect the overall market.