Memorial Day weekend car shopping is looking ‘pretty bleak.’ Here’s what to expect

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The average incentive offered by dealers has dropped to an all-time low of $1,034, according to a joint estimate from J.D. Power and LMC Automotive.The average per-car profit at dealerships is $5,046 — up from $2,733 a year ago — which is offsetting a slower sales pace.A growing share of buyers are trading in their car for another preowned vehicle.

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