Will Car Market Prices Be Lower During Christmas?
December is a period where there are a lot of products on sale and at discounted prices. Many stores and businesses try to offset the outgoing year’s products in preparation for the new trends of products in the coming year. A look at online stores reviews shows this to be true for clothing, gadgets, home products, and even beauty products. But what about autos? You might want to know.
As it is with other industries and sections of economic activities, so it is with car dealerships who also try to reduce the inventory in their lots ahead of the new year. Whether you are looking at new or used cars, there are indications that December, particularly Christmas and the days leading into the new year, might hedge up your bets for better prices. According to some independent research sites, December offers the highest discounts off suggested retail prices by the manufacturers, sometimes to the tune of 6.1%. As you can see, December is not only a season to worry about how to organize Christmas gifts and such, but you could also plan towards changing or buying a car during that season. Here are some reasons Christmas might be the best time to get affordable cars:
Mostly, the new model of cars by different manufacturers usually arrives around October and has to sit in the lot alongside the models from previous years. As the year runs to an end, the dealerships and salesmen get pressured to sell off the models from previous years to make room for the newer models of cars, and this causes the prices of the previous models to drop perceptibly. The point to note then is that you stand a better chance of buying a previous model at a cheaper price during the Christmas period.
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