When is the Best Time to Buy a Car?

The Power of Timing in Car Purchases

Buying a car is a significant investment, and understanding the best times to purchase can help you maximize savings. At MotorVero, our analytics show clear patterns that reveal when dealerships and manufacturers are most likely to offer the best deals.

When is the Best Time to Buy a New Car?

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New car deals often align with dealership and manufacturer sales targets. As these goals approach, discounts and incentives become more attractive. The best times to buy are:

• End of the Year: December is the ultimate month to buy, with discounts averaging 10.3% off MSRP.
• End of the Quarter: March, June, September, and December offer heightened savings as dealerships aim to meet quarterly targets.
• End of the Month: Post-20th of each month, deals improve as sales deadlines loom.

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What is the Best Day of the Week to Buy a Car?

Data shows that Sunday offers the most savings, averaging 10% off MSRP. In regions where dealerships close on Sundays, Tuesday becomes the next best option. Thursdays, by contrast, typically offer the least savings.

Best Months for Car Shopping

As the year progresses, dealerships increase discounts to clear inventory and meet targets. Here are the standout months:

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• December: The highest average savings occur in December due to end-of-year sales and outgoing model incentives.
• Summer Months: July and August often feature deals on older models to make room for new arrivals.

Top Days of the Year for Car Deals

December 31st leads the pack as the best day to buy a car, with savings averaging 10.9% off MSRP. Other notable dates include:

• Black Friday: A major day for promotions and discounts.

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• Christmas Week: Holiday spirit drives significant savings.
• Holiday Weekends: Memorial Day, Independence Day, and Labor Day offer excellent deals.

Key Considerations for Car Purchases

Manufacturers frequently introduce incentives on outgoing models, especially when redesigns or discontinuations occur. Additionally, dealerships often offer rebates during long weekends and holiday seasons to boost foot traffic and sales volumes.

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What If You Need a Car Immediately?

If waiting for optimal timing isn’t feasible, MotorVero provides up-to-date resources on top deals available at any time of the year. With our insights, you can still make a well-informed decision and secure competitive savings.

Additional Tips for Maximizing Savings

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• Compare prices online before visiting dealerships to understand market trends.
• Negotiate additional perks such as free maintenance or extended warranties.
• Consider financing options through MotorVero for tailored payment plans.