With auto loan rates near record lows and auto sales pacing at record highs since before the recession, now is a prime time to purchase a new car. To help save consumers the most money possible on car purchases this Labor Day weekend, GoBankingRates.com partnered with automotive expert CarsDirect.com to uncover the best Labor Day car bargains.

The Labor Day deals report appraised vehicles in the following categories:

  •     Sports
  •     Luxury
  •     Hybrid/electric
  •     Family size
  •     Trucks


Steep discounts were uncovered from several manufacturers, including BMW, Chevrolet, Nissan, Toyota, Ford, Audi, Chrysler and Cadillac, with savings of up to $13,000 off MSRP.

“Shopping for a new car on Labor Day weekend provides exceptional savings opportunities — it’s one of the rarer times of the year where buyers have an edge over dealerships,” said GoBankingRates.com editor Jennifer Calonia. “New 2014 models are rolling onto car lots, and dealers are in a hurry to sell 2013 inventory fast, even if it means caving in to the consumer’s bottom line.”

Vehicles included in the Labor Day deals report include 2013 models of:


  •     Chevrolet Corvette Convertible
  •     Nissan Titan
  •     Ford Mustang
  •     Cadillac CTS Coupe
  •     BMW 740
  •     Audi A8
  •     BMW ActiveHybrid 5
  •     Ford Flex
  •     Chrysler Town & Country
  •     Toyota Camry
  •     BMW X5
  •     Nissan Leaf
  •     Chevrolet Silverado 1500


“Our research reveals that manufacturers are doing whatever they can to attract consumer purchases on 2013 vehicles through multiple incentives,” Calonia said. “From rebates, bonus cash and finance cash — not to mention today’s competitive auto loan rates — there are several reasons for car buyers to celebrate this Labor Day.”

To view the complete report, please visit GoBankingRates.com at http://bit.ly/13zKYpv.