According to vehicle research and buying site, TrueCar, incentives and special deals on new cars are down precipitously from as recently as a month or so ago. This has spurred lower-income consumers to purchase a used car instead of taking the bus, subway, or train. "As used car values increase the gap between new and used narrows," he told us. "I would expect incentives continue to decline through the summer and start gradually increasing towards the latter months of the year, however still at levels below recent years," Woolard said. So if you plan on waiting, it may be some time before we see incentives back at levels we saw in 2019."

Source: Forbes May 06, 2021 12:33 UTC