National Bureau of Economic Research
The headlines and trends do not currently indicate that there will be a recession. According to the National Bureau of Economic Research, we are in an economic expansion that began in June 2009. Since then the economy has consistently grown. GDP went from $14.42 trillion in 2009 to $20.89 trillion in 2018 according to the BEA. Historically, recessions have lasted 11 months on average. With over 10 years of growth, we may be due for a recession.
| Year | GDP | Unemployment Rate | Inflation Rate |
|---|---|---|---|
| 2009 | $14.42 trillion | 10% | -0.3% |
| 2010 | $15.09 trillion | 9.6% | 1.6% |
| 2011 | $15.55 trillion | 9% | 3.0% |
| 2012 | $16.21 trillion | 8.1% | 2.1% |
| 2013 | $16.83 trillion | 7.4% | 1.5% |
| 2014 | $17.42 trillion | 6.2% | 1.6% |
| 2015 | $18.12 trillion | 5.3% | 0.7% |
| 2016 | $18.62 trillion | 4.7% | 1.3% |
| 2017 | $19.39 trillion | 4.1% | 2.1% |
| 2018 | $20.89 trillion | 3.9% | 1.9% |
Understanding Basic Automotive Tent Sale Concepts
An automotive tent sale is a major sales event typically held by car dealerships to help clear out the old inventory to make room for the new inventory. These events often feature significant discounts on vehicles. The average discount is 10%, but it can be as high as 30% off the sticker price.
As with all major purchases, research before coming to the automotive tent sale is recommended. Find out which vehicle is the right one. Research fair purchase prices on sites such as kbb.com and Edmunds.com. Determine the financing options. Get pre-approved for financing before the sale so the focus can be on choosing a vehicle. Finally, take time to review the contract before signing anything.
Tips for Making the Most of an Automotive Tent Sale
Automotive tent sales can be a great way to save money, but only if you approach them strategically. Here are a few tips for getting the most out of these events:
Know your budget. Before you start shopping, it is important to figure out how much you can afford to spend on a vehicle. Do not get talked into a payment that will cause financial issues in the future. This will help you avoid overspending and make it easier to negotiate a good deal.
Be prepared to negotiate. Automotive tent sales are often a great time to negotiate a good price on a vehicle. Do not be afraid to ask for a discount and explain your reasoning. If you are prepared to walk away, you may be able to get the price you want.
Do your research. Before you go to an automotive tent sale, it is important to do your research and know which vehicles you are interested in. This will help you focus your search and make it easier to find the right vehicle for your needs.
Common Mistakes to Avoid at an Automotive Tent Sale
There are a few common mistakes that people make when shopping at an automotive tent sale. Here are a few to avoid:
Not doing your research. One of the biggest mistakes you can make is not doing your research before going to an automotive tent sale. This can lead to you making impulse purchases or paying too much for a vehicle.
Getting caught up in the hype. Automotive tent sales can be very exciting, but it is important to stay calm and focused. Do not let the hype of the event pressure you into making a decision you regret later.
Not reading the contract carefully. Before you sign anything, it is important to read the contract carefully. This will help you avoid any surprises later on.
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