U.S. News & World Report has unveiled this year’s list of best Columbus Day auto deals. The list of holiday deals includes nine vehicles with excellent financing incentives. U.S. News also has the Best Lease Deals and Best Used Car Deals for October.

“September car sales were slow, and shoppers are in the driver’s seat for the remainder of 2019,” said Jamie Page Deaton, executive editor of U.S. News Best Cars. “The best deals for Columbus Day offer a mix of no-interest financing and some jaw-dropping cash back offers. Choose the right car and get the right deal, and you’ll save thousands.”

Columbus Day car deals are available on these 2019 vehicles: Chevy Bolt, Chrysler Pacifica, Ram 1500, Nissan Altima, GMC Sierra 1500, Lexus LC, Dodge Challenger, Kia Stinger and Hyundai Elantra.

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.04 percent month over month in September. The Manheim Used Vehicle Value Index is 139.9, flat from a year ago and off the record high for the index.

On a year-over-year basis, major market segments saw weak seasonally adjusted price gains in September, according to Weekly Manheim Market Report (MMR) prices. Luxury cars and vans outperformed the overall market, while most other major segments underperformed the market. Last year’s abnormal increase in consumer demand driven by tariff fears and rising interest rates makes it a tough year to match, according to Manheim.

New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,007,000 units, a 15.2 percent decrease compared with September 2018. Controlling for the number of selling days, this translates to a decline of 7.8 percent from last year on two fewer selling days. (This year excludes the Labor Day holiday and has one fewer weekend than September 2018.)

New-vehicle retail sales in Q3 are projected to reach 3,622,500, flat compared to year-ago sales. In contrast, new-vehicle retail sales in the first half of the year were down 2.9 percent.

Wantalease.com, the online marketplace, reports the majority of automotive brand prices remained steady into September, but some GM models saw price increases. 

The Cadillac Escalade increased in price by $326.94 this month, bringing its monthly payment to $799.  This is likely related to falling sales. GM offered an $8,000 rebate during July and August, encouraging shoppers to purchase rather than lease.

The BMW X5 is the only vehicle priced higher than the Escalade, at $949 per month, an increase of 5.79 percent from August to September.

 

Average wholesale prices in August remained up on a year-over-year basis, according to Tom Kontos, chief economist of Kar Auction Services.

In his August commentary, Kontos reported the year-over-year price growth was due to the strength and growing share of truck-segment sales, as car prices fell on a monthly and annual basis overall. However, car prices remained up for off-lease units, Kontos said.

CPO sales were strong in August and continue to support off-lease vehicle prices, Kontos stated.

According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $11,244 – down 1.8 percent compared to July but up 1.8 percent relative to August 2018.  All segments showed month-over-month declines in average prices except full-size vans and full-size SUV/Crossovers.

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