The average new car discount on Nov. 27 is projected to be 7.5%. The average discount the day before and after is expected to be just over 6%. On a typical day throughout the year, car shoppers usually pay about 4.7% less than the sticker price.The article notes that one explanation is that Black Friday falls toward the end of the month when dealers are feeling the pressure to fill monthly quotas. So, that explains why discounts might be higher relative to days earlier in the month. There are also a lot fewer people shopping on Black Friday compared to days near the end of other months. With no one else around, the salesperson's outside alternative to selling to you is pretty poor, so you can bargain for better deals.
Truecar.com projected particularly large Black Friday discounts on certain models. For instance, consumers should be able to pay about 28% off sticker price for a 2009 Suzuki SX4 compact car, 26% off for a 2009 Nissan Titan or Ford F-150 pick-up or 20% off a 2009 Hyundai Sonata sedan.
Wednesday, November 18, 2009
Why are New Car Prices so Low on Black Friday?
According to research by Truecar.com, the day after Thanksgiving is the best day of the year to buy a new car.
Subscribe to: Post Comments (Atom)
"There are also a lot fewer people shopping on Black Friday" ???ReplyDelete
Black Friday is one of the busiest shopping days of the calendar year. The quotas argument makes sense, but lower demand is simply incorrect.
Thanks - I try to be simple in my incorrectness.ReplyDelete
I meant that there are fewer people shopping for new cars on Black Friday, not fewer people shopping in general. While I know the retailers count on this day as one of the biggest of the year, I suspect that there aren't too many people at the car dealers.
Am Here To Give My Testimony About A Doctor Who Helped Me In My Life. I Was Infected With HERPES SIMPLEX VIRUS In 2019, I Went To Many Hospitals For Cure But There Was No Solution, So I Was Thinking How Can I Get A Solution Out So That My Body Can Be Okay. One Day I Was In The River Side Thinking Where I Can Go To Get Solution. So A Lady Walked To Me Telling Me Why Am I So Sad And I Open Up All To Her Telling Her My Problem, She Told Me That She Can Help Me Out, She Introduce Me To A Doctor Who Uses Herbal Medication To Cure HERPES SIMPLEX VIRUS And Gave Me His Email, So I Mail Him. He Told Me All The Things I Need To Do And Also Give Me Instructions To Take, Which I Followed Properly. Before I Knew What Is Happening After Two Weeks The HERPES SIMPLEX VIRUS That Was In My Body Got Vanished . So If You Are Also Heart Broken And Also Need A Help, You Can Also contact Him Through Dr. Oyagu reach him email@example.com visit his website https://oyaguspellcaster.wixsite.com/oyaguherbalhome Or whatsapp him via +2348101755322ReplyDelete