Many Americans received incredible deals on new vehicles thanks to the government’s Cash of Clunkers program. On the other hand, if you purchased a car in the past few months you probably paid more than you should have.

Consumer prices for new cars increased 1.6% in October, the biggest increase since May 1981 according to the Department of Labor. Used car buyers were worse off paying 3.4% more than the previous month. Now, things have changed, you can easily buy a new car for almost as much as a used car. Fortunately, smart car buyers can always find bargains between now and the end of the year.

• Though 2010 inventory may be low, dealers are still likely to be offering special incentives to make room for 2011 models.
• Shop low demand vehicle styles such as mid-size