One of the biggest difference between CarWoo! and other sites that help you buy a new car is that we monitor each car-buying transaction, start to finish. Since our buyers are anonymous to the dealer, they do all their negotiating through us. One benefit of this feature is that the CarWoo! system observes tons of new car requests, quotes, negotiations and final offers each day.
For the past few months, we’ve been observing this marketplace data, seeing where it goes, how it trends, etc. The data has helped us draw conclusions on auto pricing trends and consumer buying habits. And today, we’re releasing this data to YOU!
Beginning today, we’re be providing weekly releases of the CarWoo! Consumer Price Index to consumers, demonstrating pricing trends in new cars.
Check out the chart below.
Using the overall industry prices for 2010 as the basis, the index shows relative trends from the beginning of 2011. Declining Index values indicate improving prices for consumers. The Industry Average Index shows the trend across all makes. Index values above the Industry Average are indications that the prices for those makes are trending above the average price available.
As you can see, it’s a much better time to buy a Toyota than it was a few weeks ago, and, if you’re looking strictly at the brands that are providing discounts, it’s an even better time to buy a Ford.