Car deals abound on big holiday sales weekend

Car deals abound on big holiday sales weekend

Credit: Justin Sullivan Getty Images

Car deals abound on big holiday sales weekend

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khou.com

Posted on May 24, 2014 at 1:59 PM

This is a great weekend to be a car dealer.

Strong Memorial Day sales are expected at dealers across the country, a reflection of a stronger economy and pent-up demand from a dreadful winter when consumers put off buying new cars until the snow finally melted.

So what are the best deals?

If cash back is your goal, look at the Chrysler 300, with $3,250 off its list price of $31,890; Ford Expedition with $5,000 off its $43,170 list and Fiat 500 with $2,000 off its $18,300 list, according to Kelley Blue Book.

If you plan to lease, KBB says take a look at the Nissan Altima or Ford Flex at $189 a month; Ram 1500 Quad Cab at $229 a month or Infiniti Q60 at $299 a month.

New-car sales this month are expected to come in at 1.3 million this month, up 4% from a year ago, according to J.D. Power and LMC Automotive. Dealers are helped by a quirk in the calendar: this May has five weekends, instead of the usual four.

J.D. Power estimates that consumers will spend more than $37 billion on new cars this month. That would beat the previous May high of $34.3 billion set in 2004. Power says May is the eighth consecutive month that consumer spending on new vehicles has increased compared to last year.

One reason: Consumers want more options and are spending more on the cars they buy. Power expects them to pay an average of $29,600 for a new vehicle, up about $800 from last year.

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