I'm looking to buy a Fit and dealers are telling me that base costs are higher because of the Tsunami impact. In some cases, we' looking at 19k base for a FitSport. Can anyone corroborate this? Also heard prices might drop, again, in the Fall. So far, all my info is coming from the dealers end.

 

I was told the same by a dozen dealerships. Eventually, after working very hard at it, one dealer was willing to work with me and came down a bit ($17,600+). All other's didn't want to negotiate at all and with attitude told me to go elsewhere. Never seen anything like it.

 

Supply and demand. Anecdotal evidence suggests that supply of new Fits is impacted (they are assembled in Japan for the US market). Near $4 gas prices this spring is causing a surge of demand. Most people are being advised to wait for fall and the 2012s, or look at a different model/make.

That said, check carefully edmunds, kelley, and truecar for market prices for your area. Search for internet offers on new cars. Negotiate carefully. There are still deals out there I think.

 

I've been to different car dealerships this past week and the supply of cars from japan is suffering everywhere, they said their supply was seriously cut short and shipments of new cars just trickle in, soo prices will understandably by high, if you can just wait a little longer for the manufactures to get back into the swing of things

 

I subscribe to Fighting Chance, which is a new car buying advisory service with a lot of helpful inside information. Their recent bulletin said that Honda inventories are very, very low. As a previous poster pointed out, dealers aren't going to bargain as much when the supply is lower than the demand.

Honda says they'll be back up to full capacity production by the end of June or mid-July, but since it takes 6 weeks to ship the cars over, inventory at dealers probably won't return to normal until September.

I am thinking of buying a Fit (still choosing between a few cars). If I do decide to go with the Honda, I'm going to wait until end of September because I think I'll get a better deal then.

 

Inventory should be back to normal at our dealer by late august/september. Our lot is bare right now, and we don't have a lot of room in the cars we do have.

 

One of the major Honda factories was hit really hard. I have noticed that our local dealership has only one Fit on the lot. A few weeks ago they had a base and two other sports.

 

Interestingly enough, the Bay Area dealers seem to have big inventories. Just got back from Berkeley Honda, and they have 20+. Sales guy I talked to seemed eager to move one before the end of the month.

 

I just purchased my Fit Sport last Tuesday. While supply and demand will obviously affect pricing, in Chicago there seemed to be a decent amount of Fit Sports in stock. However, there were not a lot of Fit Sports with NAV available, but I decided to add aftermarket NAV. If you have a trade in you can always negotiate that price a bit higher too - at the end of the day it doesn't really matter as long as your OTD price is where you want / need it to be. If you can wait until Fall that's probably your best bet. I think SCORE04W is correct in that inventory levels should be back to normal by Aug/Sept time.

Good luck, let us know what you decide.

 

i purposefully waited to sell my GD until just recently (couldve sold back in Apr) and i got a great price when i sold used.

demand is high for fuel efficient cars right now for obvious reasons and supply is not keeping up with demand. mainly electronic component suppliers were washed away during the tsunami. i would not expect price to go down anytime soon... and GE is #1 most wanted when it comes to cars in this segment... well atleast i think it is.

 

i leased a honda fit sport the end of may and by the middle of june the dealership was on me to "trade it in" for a toyota because they were desperate for fits -- it was dumb ... i didn't take them up on it because they didn't have any toyotas (specifically a 2011 matrix) that i was interested in. they had no matrixes at all except for a used 2010 ... they were saying they were having trouble with the smaller cars. the other thing is they had NO base models on the lot at all ... and only a few without the NAV.

 

what can i expect to get selling my 2007 Fit Sport in Ohio?