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Should You Wait to Buy That New Car?

General Motors reported stronger U.S. sales Thursday. That may cheer investors, but analysts say the news also means car buyers searching good deals might want to wait.


GM’s profit in North America rose 23% at $1.7 billion, helped by tight control on inventories. The company expects profitability to remain steady in the second and third quarters as it focuses on a new range of light trucks, luxury Cadillacs, and the new version of its Chevrolet Malibu midsize sedan. But buyers looking for a car should hold off until automakers roll out their new stock, analysts say. The Chevy Traverse, Nissan Altima, GMC Acadia and Buick Enclave will soon be replaced by the 2013 line. “There will be some discounting on older models when those new models arrive,” says Chintan Talati, spokesman for

As sales have picked up, automakers scaled back incentives on new cars in recent months in a move to boost their profit margins, analysts say. Incentives fell nearly 5% to an average of $2,446 during April, according to a survey by, and have dropped by nearly 10% for Ford. “I wouldn’t expect much in the way of incentives,” says Joe Wiesenfelder, senior analyst at He says U.S. carmakers needs to keep profit margins higher here partly due to weakness in Europe. “The days of incredibly amazing deals are probably behind us,” Carroll Lachnit, features editor at The one exception may be Japanese automakers, which have kept incentives up. (Tom Henderson, a spokesman for GM says incentives will rise and fall, and says transaction prices don’t take account for the high trade-in prices for used cars.)

It’s also a busy time of year for the auto industry, so there are fewer reasons for dealers to cut prices, experts say. “If you can wait for the fire to be off the market that’s a good idea,” Lachnit says. The average transaction price for light vehicles in the U.S. was $30,303 in April 2012, up 4.2% ($1,219) from April 2011, says. “Typically more people buy cars as the weather gets nicer,” says Brian Moody, industry analyst at Deals for leases may be more enticing at the moment, he says. GM, for instance, is offering $159 per month leases on a Chevy Cruze, with a $1879 down payment.

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    • By WebOsPublisher

      *** MAY 2010 UPDATE ***Yet another rumor. Snippet: Quote: ICO and Shadow of the Colossus look like they could be coming to PS3 in a reworked
      PlayStation Area – Ico / Shadow of the Colossus re-release for the PS3
      Browse more categories
      Shadow of the colossus
      Team ico
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      Ico / Shadow of the Colossus re-release for the PS3
      *** MAY 2010 UPDATE ***
      Yet another rumor. Snippet:
      Quote: ICO and Shadow of the Colossus look like they could be coming to PS3 in a reworked Team ICO HD bundle in Q1 next year. ~~~
      Original post:
      Apparently Fumito Ueda, the designer of two of the most revered PlayStation games Ico and Shadow of Colossus, is really hoping that his games are made available for the PS3. Perhaps a hint that they can get the HD treatment like God of War I & II collection?
      Quote: Speaking to 1Up at the Tokyo Game Show, Ueda answered queries about a possible Team Ico Blu-ray collection thusly:
      “Initially, I didn’t want to consider that. I always thought they were designed for PS2 and should stay there. But lately, I’ve been thinking it would be nice to provide the games to other platforms to reach more users.”
      View complete forum thread
      7 October, 2010 at 19:25
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      Who made Shadow of the Colossus for PS2, and why isn’t there a sequel for PS3?
      Shadow of the Colossus gets so much praise around the PS2 community, that frankly, I’m surprised there isn’t so much as a hint of a sequel or even remake for the PS3. Did the company go out of business or did EA buy them out?
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      It’s … year. Holding it for TGS could be possible, but we’re closing in on four years since Shadow of the Colossus hit shelves, so …
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      God of War II reviews are beyond stellar
      … as satisfying as its predecessor, and even eclipses it in some areas.
      “I’d be remiss if I didn’t mention God … Gear Solid 2, and Shadow of the Colossus as PlayStation 2′s most breathtaking game … (unreal) are just a few of the reasons why this is PS2′s best first-party release.
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      … bad madcatz cable and the official PS3 cables fixed that bit … problem is similar to how PS2 games looked on the PS3 before the 1.5 update:
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      … host christina lee for pulse presented by the playstationВ®network. This edition features the … state of play and the new comedy community, which is available on the playstation store a week before it premieres on … (theme 2)
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      … games:Its being rumored that Team Ico will be unveiling there newest game … Nova Crystalis games (two are PS3 exclusive)
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      … , IGN got a hold of Koller and put him under the PlayStation spotlight. … the “imminent” HOME launch and PSP/PS3 integration. Good read.
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      In PlayStation Area
      Please read this before posting.
      Quote: Playstation Area
      This area is for the Playstation systems chat. If you are not an Playstation user, this is NOT the place for you. We expect to NOT SEE attacks made for from people who do not prefer this platform. Please discuss all Playstation software gaming here.
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      In PlayStation Area
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      … automatically install and the next time you turn on your PS3 you will see a brief on-screen message letting you know what has been downloaded … , DLC, and all of that jazz that’s released month by month is going to show, one way or the other, how much value is actually in PlayStation Plus. I have faith …
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      … I the only one who likes downloadable games on the PS3 better than the ones on the shelf at the store?
      I spend most of my time playing Fat Princess and now … Fighter. Anybody else prefer games you can pick up and play? That was my favorite part about Shadow of the Colossus.
      Ok I’m done rambling.
      In PlayStation Area
      Heavy Rain aims to be something different
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      Since the tech demo, the developer Quantic … big sets, with a crowd, heavy populated areas like a mall and a subway are going to be in there. Of course, the gameplay has … Heavy Rainв„ў, a PLAYSTATIONВ®3 exclusive from Quantic Dream scheduled for release by …
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      Signs That My 60GB Might Be Dying Soon ?
      … 60GB hard drive with a 300GB hard drive.
      I just really hope my PS3 blu-ray lenses … send it to Sony for $150 to get it fixed and I really don’t like the new PS3 Slim models that are out now. I still need and care … PS2 backwards compatibility since I still play PS2 games like Shadow Of The Colossus.
      In PlayStation Area
      PS Store update – January 21, 2010
      … Cannon Deth Sentence” by Dethklok ($1.99)
      * “Still I Rise” by Shadows Fall ($1.99)
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      … with the release of the new PS3 system, SCE will modify the PS3 brand name from “PLAYSTATION … , and users will not be able to install other Operating Systems to the new PS3 system.
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      … Xbox Live.
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      In PlayStation Area
      Rock Band 2 A/V PS3 (using HDMI and surround receiver), driving me nuts!
      … where to put this thread but I will start with the Playstation area since I’m having problems with the PS3. Recently I got a new … it doesn’t come close. I’m trying to do it manually but I’m not having much luck. Is anyone having this same issue using the PS3 with a surround receiver? BTW, my TV is …
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    • Funny they say these new rates are great. I have seen these rates before. Excel Bank in Manhattan and Smith Barney used to have a match book’ loan parogrm. Don’t know if they still have it. Deal was and maybe still is. Lets say you want to borrow 500K to buy a home. You deposit 500K in treasuries, triple AA Munis, govt backed agency bonds or certain really blue chip stocks that are marked to market to prevent balance from falling below 500K. In return bank loans you 500K which makes mortgage payment tax deductable. No appraisal or forms needed as bank holds mortgage on books and super safe for bank as deposit if primary collateral house only secondary. Imagine if you did a one million matchbook in January and bought one million munis at 5% tax free vs. Adustable mortgage at 3%. You would be getting 50K tax free muni interest and a 30K mortgage write off.

    • Hey, UNLESS you really truly NEED a new car, we ARE WAITING until some of the truly hot Euro diesels with PERFORMANCE and 50-60 mpg get here. Now, the Rust Bucket of Detroit is TRYING desperately, to get you into something you may NOT want in just 2-3 years – those fabulously quiet, NOT STINKY, Euro Diesels from VW, BMW, Audi and Benz! I read about them two years ago in Britain….imagine getting 50-60 mpg!!! Now, too many scows from Detroit are ONLY matching the mpg my wife’s 2001 Avalon gets!!! What a RIP OFF, but that’s what we learned is the modus operandi of the craporate and union-thugs of Detroit – barf!!!

    • If I buy a new car,it won’t be made by gm or any union labor.

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