Savvy car shoppers can score good deals the last week of the year as dealers try to clear out their inventories to prepare for 2014 models.
The week between Christmas and New Year's is the best week of the year to purchase a car, according to a CBS report.
Dealers will be offering strikingly low prices this year due to high inventories, said Alec Gutierrez, a Kelley Blue Book analyst.
Some discounts could be as much as 8 to 10 percent off the listing price, and buyers can get the best deals on 2013 models.
"Dealers are trying to clear out their 2013s to make room for the 2014s, so consumers would be wise to seek out last year's model," Gutierrez said.
Despite the similarities between 2014 and 2013 models, dealers will be offering tempting incentives to clear out the latter. Although "almost identical to the 2014 version," 2013 models of the Cadillac ATS and Ford Taurus will be offered with $5,000 cash rebates to buyers.
A segment with especially good value is the mid-size category, Gutierrez said.
"Consumers shopping for a mid-size sedan or a compact car will find especially good deals since these segments have grown so hotly contested over the past year," he said.
Two examples of midsize bargains are the Dodge Dart compact, which comes with a $2,000 rebate, and the Chrysler 200 midsize, with $4,000 back to the buyer.
Shoppers can use the Kelley Blue Book website to find a "fair purchase price" that reflects the average selling price of a particular model in their region. The site also lists such incentives as low financing or cash rebates.
In a good year for the American auto market, sales are headed toward 15.6 million annually as 2013 wraps up.
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