Automakers are hoping to grab the U.S. automobile buyers attention.  To do this they are offering large cash incentives, as well as low financing, for vehicles that aren’t selling.

Car sales in the U.S. were down 6.2% in February over the previous year.  Automakers are counting on better incentives to lure auto buyers to the dealership.  The average rebate last month was over $2,400, which is 8.4% higher than the previous year.

It is definitely a buyers market, and this trend will continue.  Car sales will soften and dealers will offer superb deals.  In addition, sales people for new cars will be more willing to negotiate.

A February analysis of incentive deals, which included low financing rates, cash rebates, and lease deals as a portion of the sticker price for each category shows that big trucks were at the top with 14%, and luxury type sports vehicles were at the bottom with 2.9%.

In this difficult economy people are finding it hard to purchase new cars.  However, there are great deals out there for consumers who find themselves in the position to buy.  Consumers also need to research a good price on an auto warranty to protect their wallets in the case of unforeseen repairs.  After all, it isn’t wise to pay the price for a new vehicle and then waste money on costly repairs.