Finding the perfect car deal can be a daunting task, but what if you knew the secret to snagging a sweet ride at a sweet price?
You're likely not alone in your quest for a great deal. In fact, 75% of car buyers consider timing a crucial factor in their purchase decision.
With this in mind, it's essential to understand that certain months offer better deals than others.
The frustration of overpaying for a car is a pain point many of us can relate to. It's not just about the financial burden; it's also the feeling of being taken advantage of.
However, by understanding the quarterly clearance sales, mid-year model clearances, and pre-festive season deals, you can avoid this frustration and drive away in your dream car without breaking the bank.
January: Post-Holiday Sales Frenzy
As we enter the new year, January presents a prime opportunity to secure a fantastic deal on a car, courtesy of the post-holiday sales frenzy that benefits buyers.
Dealerships are under pressure to meet their annual targets and clear out old inventory to make way for new models, making it the ideal time to capitalise on Winter Deals.
With fewer buyers in January, salespeople are more motivated to negotiate to meet their monthly sales quotas, giving buyers an upper hand in negotiations.
Additionally, trading in an old car can result in a better deal, as dealerships may offer higher trade-in values to meet their sales targets.
Furthermore, some manufacturers offer special financing deals and incentives in January to stimulate sales, such as 0% interest rates or cashback offers on specific models like the Ford Focus or Volkswagen Golf.
This creates a buyer's market, allowing savvy buyers to drive away in a new set of wheels while saving significant amounts of money.
February: End of Financial Year Clearance
As we enter February, we're in for a treat – it's the end of the financial year for many dealerships, and that means one thing: clearance sales!
We can snag amazing deals on remaining inventory as dealerships scramble to meet year-end sales targets and prep for new models.
With discounted sticker prices and special promotions galore, we're in the driver's seat to score a fantastic bargain!
Year-End Deals Abound
December is the prime time to snag the best deals on cars, as dealerships scramble to eliminate old inventory and meet their annual sales targets. This year-end rush brings holiday incentives, allowing us to negotiate a better price. With dealerships under pressure to meet their sales quotas, we're in a strong bargaining position.
The last week of December is typically the best time to make a purchase, as dealerships are desperate to clear out old stock and meet their year-end sales goals.
During this period, we can expect to see end-of-model-year clearance sales, resulting in substantial discounts. On average, these sales offer a 6.1% discount off the Manufacturer's Suggested Retail Price (MSRP), making December the ideal month to buy a car.
Discounted Sticker Prices
While December's year-end deals are enticing, February's end-of-financial-year clearance sales can be just as lucrative, with dealerships motivated to meet quarterly sales targets and clear out old inventory.
As we plan our car budget, it's crucial to weigh the benefits of buying in February because dealerships are under pressure to meet their financial year-end targets, which means they offer discounts and incentives to drive sales.
Dealerships offer discounted sticker prices due to their motivation to meet quarterly sales targets, resulting in cheaper prices for customers.
Furthermore, we can negotiate better deals as dealerships are driven to sell cars to meet their quarterly sales quotas. On average, buyers can expect discounts of up to 5% off the manufacturer's suggested retail price (MSRP) in February.
Additionally, February is a slow sales month, giving buyers more bargaining power to secure a better deal. This allows buyers to stay within their car budget and avoid the price wars that often occur during peak sales periods.
March: Quarter-End Discounts Galore
March is a prime time to snag the best deals, as dealerships scramble to meet their quarterly sales targets.
With quarterly sales quotas looming, dealerships are under immense pressure to drive sales numbers up, and that's when we, as savvy car buyers, can reap the benefits.
To meet their targets, dealerships offer more generous incentives, such as bonus cash and low-interest financing, making it an ideal time to negotiate better prices.
Another strategy dealerships employ during this quarter-end frenzy is the 'sell-down', where they clear out remaining inventory at a loss to make room for new models.
This creates an opportunity for us to capitalise on discounted prices.
With the sales pressure cooker turned up, we can drive a harder bargain and get behind the wheel of our dream ride at a discounted price.
May: Pre-Winter Sales Push
As the winter season approaches, dealerships are under pressure to clear out old inventory, making May an ideal time to secure a bargain on a car. With winter inventory on the horizon, dealerships are driven to meet their sales targets before the slow winter months arrive, which puts buyers in a strong negotiating position.
Several factors contribute to May being a prime time to purchase a car:
Dealerships offer attractive discounts and promotions to dispose of old inventory before the winter stock arrives, freeing up space and resources for new models.
As newer models are introduced, buyers can negotiate a better price on older models, which still possess excellent quality and performance.
End-of-model-year clearance sales can result in substantial savings, as dealerships seek to eliminate old stock.
Some dealerships provide special financing options or low-interest rates to attract buyers, further increasing the appeal of purchasing a car in May.
July: Mid-Year Model Clearance
As we delve into the mid-year model clearance in July, we're excited to uncover the hidden gems that can save us money on our car purchase.
We're talking about end-of-quarter sales pushes, discontinued model discounts, and dealer inventory clearance – all of which can lead to some amazing deals.
End-of-Quarter Sales Push
During July's mid-year model clearance, dealerships face immense pressure to clear out remaining inventory, creating an ideal opportunity for savvy buyers to secure unbeatable deals on outgoing models.
With quarterly sales targets looming, dealerships are highly motivated to negotiate, allowing buyers to capitalise on discounted prices and additional incentives, such as bonus cash or low-interest financing, to drive away in their dream car.
The benefits of purchasing during this period are multifaceted:
Dealerships, driven by the need to meet sales quotas, offer better prices and throw in enticing extras to clinch the sale, putting buyers in the driver's seat.
Outgoing models, already discounted due to the introduction of new arrivals, become even more attractive, making them a shrewd choice for those seeking value for money.
Summer Savings and Dealer Incentives are often rolled out during this period, providing additional discounts that can be leveraged to secure an even better price.
Dealerships, under pressure to meet sales targets, are more amenable to negotiating prices, giving buyers the upper hand in the negotiation process.
As the sales deadline draws near, dealerships become increasingly open to negotiating prices, enabling buyers to drive away in their new vehicle at a discounted rate.
Discontinued Model Discounts
In July, dealerships are keen to clear out old inventory to make room for new arrivals, providing an ideal opportunity to snag discounted prices on discontinued models.
This mid-year clearance allows us to purchase a reliable vehicle at a significantly lower price. Dealerships often offer discounts of up to 10% to 15% off the sticker price of discontinued models during this period.
By using tools like Edmunds' True Market Value to determine the fair market price of the vehicle, we can negotiate even lower prices. The added benefit is that discontinued models are usually still backed by the manufacturer's warranty, providing peace of mind.
By taking advantage of these discounts in July, we can secure significant savings while still acquiring a reliable vehicle. This is a win-win situation.
We can employ clearance strategies such as negotiating the price and utilising online tools to our advantage. Furthermore, with warranty benefits still in place, we can drive away in our new vehicle with confidence.
Dealer Inventory Clearance
In July, dealerships accelerate their efforts to clear out old inventory, creating an opportunity for buyers to snag discounted prices on outgoing models.
As car shoppers, it's crucial to understand the dealer's motivation to sell, which stems from the need to make room for new models and meet sales quotas.
During this mid-year model clearance, we can capitalise on the dealer's motivation to sell by taking advantage of:
Special promotions and incentives, designed to drive sales and clear inventory, which can result in significant discounts.
More effective price negotiations, as dealers are under pressure to meet sales targets.
Discounts ranging from 5-10% off the sticker price, translating to substantial savings.
Low-interest financing and other incentives, which can further reduce the cost of ownership.
Dealer negotiations, which can be leveraged to secure an even better deal.
August: Pre-Festive Season Deals
As the festive season approaches, August presents an excellent opportunity to secure a great deal on a new set of wheels. To drive sales before the holiday season, dealerships often offer pre-festive season deals, making it an ideal time to negotiate a good price.
The summer slowdown in sales prompts dealerships to be more willing to make deals to meet their sales quotas, ultimately benefiting car buyers. By taking advantage of Summer Savings and Festival Discounts, we can get behind the wheel of our dream car at a discounted rate.
Furthermore, many dealerships provide discounts and incentives in August to meet their quarterly sales targets.
This enables us to secure a better trade-in value for our old car or find certified pre-owned vehicles at discounted prices. With a wider range of options available, we're more likely to find a car that fits our budget and meets our needs.
For instance, models like the Ford Focus or the Volkswagen Golf are popular choices during this period.
If we're in the market for a new car, August is an opportune time to start shopping, allowing us to make an informed purchase decision.
September: New Model Year Arrival
Capitalising on the transition to new models, savvy car buyers can secure a better deal on a car purchase at the end of the model year.
September is an ideal time to negotiate a deal on outgoing models, as dealerships clear out old inventory to make room for the latest models, which typically arrive in the autumn.
This allows dealers to offer lower prices on remaining outgoing models, making it a prime opportunity for buyers to snag a bargain.
The benefits of buying in September are numerous.
For instance, significant discounts are often available on outgoing models, which can result in substantial savings.
Additionally, certified pre-owned vehicles may be priced more competitively to meet sales quotas.
Furthermore, dealers may offer additional incentives, such as low-interest financing or cashback offers, to attract buyers and meet sales targets.
With sales quotas looming, buyers may also have more room for negotiation, enabling them to drive a harder bargain.
Ultimately, the need to clear out remaining inventory creates opportunities for buyers to secure better deals on outgoing models, making way for the new models.
October: Year-End Targets Loom
As we enter October, we're in a great position to snag a deal on a new set of wheels.
With dealerships scrambling to meet their year-end sales targets, we can expect some attractive discounts and incentives on remaining inventory.
It's the perfect time to negotiate a better price and drive away in our dream car!
Dealers Meet Sales Goals
Dealerships often unveil enticing deals in October, and this phenomenon can be attributed to their need to meet annual sales targets. As the year draws to a close, dealerships are under pressure to sell more cars to achieve their goal incentives, thereby benefiting car shoppers.
October is an ideal time to purchase a car because dealerships are highly motivated to meet their year-end sales quotas, which makes them more open to negotiation.
To drive sales, they implement strategic marketing strategies, including discounts and promotions.
With the holiday season approaching, dealerships are anxious to meet their annual targets, creating a buyer's market where shoppers hold the power to negotiate the best price.
Discounts on Remaining Stock
As the year draws to a close, dealerships face immense pressure to clear out remaining inventory, paving the way for savvy buyers to snag a fantastic deal on a car.
With inventory overstock weighing heavily on their minds, dealerships are more willing to negotiate and offer discounts to meet their year-end targets, making it an opportune time for buyers to strike a bargain.
Dealerships employ clearance strategies to get rid of old inventory, making way for the latest models arriving in the fall.
By visiting dealerships in October, when the pressure to meet sales quotas is at its peak, buyers can take advantage of this situation and drive away in a great car at a discounted price.
Outgoing models, which are still reliable and efficient, can be purchased at a lower price point.
For instance, the 2022 Toyota Camry, a reliable and fuel-efficient sedan, can be had at a discounted price during this time.
November: Black Friday Bonanza
November: Black Friday Bonanza
In November, dealerships join the Black Friday frenzy, offering unbeatable discounts and promotions that make it possible to drive away in a new set of wheels at a significantly reduced cost. This is the ideal time to implement our Black Friday strategies and snag incredible deals on our dream cars.
Some holiday incentives to look out for include:
- Certified pre-owned sales: Many dealerships offer special deals on certified pre-owned vehicles during Black Friday, which can provide a more affordable and reliable option for buyers.
- Zero-percent financing: Taking advantage of 0% APR financing offers can save you a substantial amount of money on interest rates, making your purchase more manageable.
- Manufacturer incentives: Keep an eye out for rebates, discounts, and other manufacturer-sponsored deals that can further reduce the cost of your desired vehicle.
- Trade-in bonuses: Dealerships may offer additional trade-in value for your current vehicle, which can be put towards the purchase of a new car.
- Free extras: Some dealerships may throw in free maintenance packages or accessories to sweeten the deal, providing added value to your purchase.
December: Year-End Clearance Frenzy
December's year-end clearance frenzy offers the highest discounts off the manufacturer's suggested retail price, making it the prime time to snag a new set of wheels at a substantially reduced cost. With an average discount of 6.1% off MSRP, buyers can make significant savings. This is because dealerships are motivated to meet their sales quotas, offering discounts to buyers and making it a prime time to negotiate a good deal.
The last week of December is particularly advantageous, as dealerships are anxious to clear out inventory before the new year. This creates a buyer's market, where savvy shoppers can capitalise on the year-end clearance sales.
Month | Discount % | Best Time to Buy |
---|---|---|
December | 6.1% | Year-end clearance sales |
November | 5.5% | Black Friday deals |
October | 5.2% | Pre-holiday sales |
When budgeting for a new car, it's essential to prioritise winter road safety. Ensure your new ride is equipped with features like snow tyres and advanced safety features, such as electronic stability control and anti-lock braking systems. The Audi Q5, for instance, offers a range of safety features, including a driver information system and adaptive cruise control. Take advantage of the year-end clearance frenzy and drive away in a new car at a lower price.
Conclusion
We've identified the top 10 months to purchase a car at a discounted price. From post-holiday sales to year-end clearance, there are several opportunities to snag a bargain.
Whether you're looking to take advantage of quarter-end discounts or excited about new model year arrivals, we've got you covered.
At Autobahn Motors, we're committed to helping you find the perfect car at an affordable price.
If you have any questions about Used Cars, Car Services, Auto Repairs, Tyre Services, Car Parts, or Car Financing, please don't hesitate to contact us.
We're more than happy to assist you in finding the right car for your budget.