In February, automakers sold a lot more vehicles than analysts expected them to, an increase that was largely driven by small car sales. Edmunds predicted a seasonally adjusted annual rate of 14.4 million for February, but “car sales surged to 1.15 million vehicles, a 16-percent rise from a year ago,” making “February's Seasonally Adjusted Annual Rate (SAAR) of sales at 15 million vehicles, the highest level since February 2008.”
Automakers aren’t selling more cars because they’re offering more incentives. TrueCar says it’s just the opposite. Due to an improving economy and a high demand for compact and subcompact cars, incentive spending is down, and transaction prices for light vehicles increased $1,943 compared with February 2011.
While there are fewer new car incentives than there were a year ago, there are still good financing, lease deals and cash back offers available in March. Here are a few of the best car deals on small cars.
Small Hybrid Cars:
2012 Honda Civic Hybrid Purchase Deal: 0.9% APR financing for 24-36 months or 1.9% APR financing for 37-60 months
2012 Honda Civic Hybrid Lease Deal: $239 per month for 36 months with $2,199 due at signing on Civic Hybrid with CVT
Small Diesel Cars:
2012 Volkswagen Jetta SportWagen TDI Purchase Deal: 1.9% financing for 60 months
2012 Volkswagen Jetta TDI Purchase Deal: 0.9% financing for 60 months
Small Gas-Only Cars:
2012 Subaru Impreza Lease Deal: $169 per month for 42 months with $1,969 due at signing on standard model
2012 Mazda2 Purchase Deal: 0.9% financing for 60 months
2012 Kia Forte Purchase Deal: 1.9% financing for 36 months AND $1,000 bonus cash
2012 Hyundai Veloster Lease Deal: $179 per month for 36 months with $1,999 due at signing on Veloster 1.6L GDI
Looking for more car deals on affordable small cars? Look for a great deal on a new car by checking out this month’s best car deals. Then, you can skip negotiating with a dealer by using our Best Price Program. Also, be sure to follow us on Twitter and Facebook.