You may feel like you’ve done enough buying for the holidays, but if you’re thinking about getting a new car, now is the time to make one more shopping trip. The end of December is one of the best times to buy a new car.
“Year-end is one of the best times to buy a new car as automakers look to maximize sales numbers for the calendar year,” says Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s KBB.com. Car companies tend to offer holiday discounts and incentives on new cars.
Even dealers admit that consumers who shop between Christmas and New Year’s have a good chance of getting a great price on a new car. “December can be a tough time for many dealerships,” says Robert Elder, president of Elder Automotive Group, which owns car dealerships in Florida. It’s a tough time for dealers because people are busy with family and travel, leaving dealerships often empty and hunting for customers. “We always have incredible deals during this time of the year, and it’s honestly unfortunate that people aren’t taking advantage of those opportunities to save big,” adds Elder.
If you’re in the market for a new car, check out our Best Car Rankings. Then, see the discounts available on the car you want in our Best Car Deals. If you don’t feel like negotiating the price on a new car yourself, use our Best Price Program for guaranteed savings. Be sure to follow us on Facebook and Twitter for the latest car deals, sales and discounts.