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Article: Kbb.com Study: New-Car Shoppers Delay Purchase After Cash for Clunkers.
- Article from:
- Economics Week
- Article date:
- October 23, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to the latest Kelley Blue Book www.kbb.com Market Intelligence Study, since the end of the CARS 2009 program (commonly referred to as 'Cash for Clunkers'), in-market car shoppers have indicated they are once again delaying the purchase of a new vehicle. However, the price consumers are considering paying for a new car has significantly increased in the month since the CARS 2009 program ended.
In September 2009, 50 percent of in-market car shoppers said they are delaying the purchase of a new vehicle, up nine points from 41 percent in July 2009 (prior to the start of the CARS program). In addition, consumers indicate that in the past month they are less ...