HUNTSVILLE, Ala. (WHNT) — People are starting to shop for new cars once again.
The automotive industry took a beating due to years of inflation and high interest rates, but just recently, those interest rates are lower and people are shopping.
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Sales Manager at Bill Penney Toyota in Huntsville, Mario Miller, says now is the time to buy.
“It’s a good time to buy right now because the rates are starting to come down a little bit a huge amount of uncertainty out there, now that we’re certain, we know that the rates are coming down, people feel more comfortable knowing that they’ve been holding off. They need a new car, this is a great time to buy,” Miller said.
Miller says for years, the dealers had all the control in the automotive market, but now, it’s a buyers’ market. Brianna Shands and Courtney Pearson are taking full advantage of the prices.
“They’ve got some good deals, on the cars out here and the rates aren’t too high, especially with their RAV 4’s, they’re Tacomas and the Camrys – so I mean the prices are good and not too hard on us during this day in time,” Pearson said.