The Real Deal: Are you in the market for a new car? Now may be the time to start shopping.

Many of us have held out buying a new car because of sticker shock. News 12's consumer reporter Janice Lieberman gives us The Real Deal on what's happening at car showrooms.

News 12 Staff

Feb 15, 2023, 12:31 PM

Updated 429 days ago

Share:

Many of us have held out buying a new car because of sticker shock, News 12's consumer reporter Janice Lieberman gives us The Real Deal on what's happening at car showrooms.
Industry experts expect prices to drop slightly in 2023.
"I think we're definitely going to see more cars. I think we're seeing a light at the end of the tunnel. Manufacturers are starting to be able to overcome the chip shortage, produce more cars and turn them. You'll see more cars on the dealer's lots and some great choices for the consumer," says Robert Sabbagh, of Bay Ridge Honda.
Like many dealers across the U.S., inventory has been limited for Honda. "There was a time where we had probably 1,000 Hondas in stock, and now we're lucky we have 10% of that," he says.
But with dealers filling their lots with vehicles, will you be paying more or less for the wheels you want in 2023?
"I think you can see the prices come down. I think you're starting to see some more competitive financing options that we as the dealers can provide. I certainly think that while the consumer might have to make occasional exceptions, I think their choices will be substantially more than they were certainly from 21 and definitely from 22," Sabbagh says.
Like any big purchase, consumers should do their research before making a deal. If you have a hot trade in, some dealers are still paying high prices for certain cars.
If you have a story idea, question or tip, click here to reach out to Janice.


More from News 12
1:35
Police: Marlboro teacher accused of inappropriately touching student faces charges

Police: Marlboro teacher accused of inappropriately touching student faces charges

0:32
Man who lit himself on fire outside Trump trial has ties to New Jersey

Man who lit himself on fire outside Trump trial has ties to New Jersey

2:02
Scattered rain showers overnight; sunshine returns Saturday afternoon

Scattered rain showers overnight; sunshine returns Saturday afternoon

0:35
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck

Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck

2:16
Public warned to keep their dogs away from seals at the Jersey Shore

Public warned to keep their dogs away from seals at the Jersey Shore

1:01
New Jersey water companies make plans to adapt federal ‘forever chemical’ guidelines

New Jersey water companies make plans to adapt federal ‘forever chemical’ guidelines

1:54
Authorities: 2 children at Port Reading school become sickened after ingesting marijuana gummies

Authorities: 2 children at Port Reading school become sickened after ingesting marijuana gummies

2:45
Business owners say they are losing business due to Route 71 bridge being stuck in up position

Business owners say they are losing business due to Route 71 bridge being stuck in up position

1:42
Prosecutor: Remains found at Wall construction site were of ‘advanced age’

Prosecutor: Remains found at Wall construction site were of ‘advanced age’

0:27
Prosecutors: Atlantic City’s Central Pier bursts into flames; 1 man dead

Prosecutors: Atlantic City’s Central Pier bursts into flames; 1 man dead

0:25
Boil water advisory issued for parts of Monmouth County

Boil water advisory issued for parts of Monmouth County

0:48
Ridgewood mayor shares photos showcasing renovation of former Warner Theater

Ridgewood mayor shares photos showcasing renovation of former Warner Theater

1:37
Officials: Some Marlboro schools, Trenton Board of Ed receive bomb threat 2nd day in a row

Officials: Some Marlboro schools, Trenton Board of Ed receive bomb threat 2nd day in a row

0:31
Start of Sen. Bob Menendez's bribery trial is delayed a week to mid-May

Start of Sen. Bob Menendez's bribery trial is delayed a week to mid-May

0:35
How to get rid of unused or expired medications

How to get rid of unused or expired medications

2:51
EPA: Elevated levels of lead found at multiple East Trenton homes, parks

EPA: Elevated levels of lead found at multiple East Trenton homes, parks

0:36
NJ General Assembly passes bill to combat school bus driver shortage

NJ General Assembly passes bill to combat school bus driver shortage

0:24
Former NJ elementary school employee sentenced for possession of child porn involving at least 79 victims

Former NJ elementary school employee sentenced for possession of child porn involving at least 79 victims

2:32
Main Street New Jersey: Some great food spots to try in South River

Main Street New Jersey: Some great food spots to try in South River

Show off your team spirit! Share your photos with News 12

Show off your team spirit! Share your photos with News 12