Why you shouldn't wait till the holidays to buy a car

If you're in the market for a vehicle, you might want to consider getting your shopping done now.

Car prices are experiencing downward pressure as interest rates remain higher than anticipated, leading to increased loan costs for consumers, according to Brian Moody, Autotrader's executive editor. 

In response to this trend, manufacturers are offering incentives for select models to attract buyers and stimulate sales. Incentives were up by 59% in July compared with a year ago, Moody said.