SAN FRANCISCO — Chug, the search engine for cars, today released its list of the top 50 vehicles crowding US dealer lots over the upcoming Labor Day weekend – meaning some potentially great deals for holiday weekend car buyers. According to Chug, which is able to map the entire national vehicle marketplace, auto dealers are entering the Labor Day weekend with the highest inventory supply of the year, and, as dealers look to clear their overcrowded lots for incoming 2012 models, car buyers across the country are well positioned to get some excellent deals.
“If you are currently in the market for a new vehicle, there is no better time to buy than this Labor Day weekend,” said Chug CEOLen Short. “Chug data reveals that the tsunami has had less of an impact on inventory supply than anticipated and this, combined with an economic climate that has tightened consumer wallets, has left many dealerships substantially overstocked. Car buyers will find some of the most popular models such as the Ford F-150 and the Honda Odyssey on the over-supply list, as well as the much buzzed-about Chevrolet Volt.”
Chug’s Top 50 Overstock Models Across the U.S.*
|2||Ford||Super Duty F-750 Straight Frame||240%|
|3||Subaru||Impreza Wagon WRX||235%|
|5||Subaru||Impreza Sedan WRX||229%|
|32||Land Rover||Range Rover Sport||149%|
|33||Chevrolet||Express Cargo Van||147%|
|37||GMC||Savana Cargo Van||144%|
|40||Ford||Econoline Commercial Cutaway||142%|
|46||Ford||Econoline Cargo Van||141%|
“We invite car shoppers to go to Chug.net, where they can search the entire dealer inventory of new and used cars, across all dealerships, to find exactly what they are looking for. Then use our exclusive pricing tools to get the lowest available price with just one click,” concluded Short. “But, however you do it, if you are in market for a new vehicle, do it this weekend. It is a great time to buy!”
Chug (www.chug.net) is the first true search engine for cars, with over 3.5 million vehicle listings. By crawling and indexing over 40,000 US auto dealers, Chug provides car shoppers with access to the industry’s most comprehensive and accurate view of vehicles currently for sale, and listings sorted to precisely match consumer preference. Created by a veteran team of technology, Internet and media innovators to remove the barriers that frustrate both online car buyers and sellers, Chug accelerates the connection between consumer and dealer. Buyers benefit because they can easily search for any make, model, year, and/or color, then click directly to the dealer website to learn more — or opt to interact without surrendering personal information. Dealers benefit from broad exposure of their active vehicles to in-market car shoppers, and immediate connection to interested car buyers.
Chug tracks all cars on dealer websites and records final values at the end of every month. For this study, Chug looked at monthly inventory volume for all makes and models for April 2011 – August 2011. Over- and under-supply was calculated by comparing August levels of inventory to the average of April – July. A make and model is considered in over-supply if there are 20% more vehicles in August versus average April-July.