Looking to Buy a Used Car? Black Friday Would Be a Good Day

With retailers of all kinds competing for consumer dollars on Black Friday, it should be no particular surprise that U.S. auto dealers want to join the party. Still-solid sales of new cars have left dealer lots stuffed with used cars, and the Black Friday weekend is one of the best times of year to get a good deal on a used car.

According to research from iSeeCars.com, Black Friday offers 37.5% more deals on used cars than any other holiday of the year except Veteran’s Day. The two best months of the year to buy a used car are October and November, both with about 38% more deals than an average month.

Phong Ly, CEO of iSeeCars.com, notes:

Dealers are trying to meet their annual goals in November and December, and are more likely to lower their profit margins in order to do so. These major holidays are a great reason for them to drop prices and offer promotions—especially on Black Friday, where there’s increased foot traffic from shoppers looking to buy gifts or shop for bargains.

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Here’s the list of the 10 best holidays to shop for and buy a used car:

1. Veteran’s Day: 42.5% more deals than on an average day
2. Black Friday: 37.5% more deals
3. Christmas Eve: 35.6% more deals
4. Thanksgiving Day: 33% more deals
5. Christmas Day: 31.4% more deals
6. Halloween: 30.9% more deals
7. New Year’s Eve: 30.2% more deals
8. Martin Luther King Day: 23.4% more deals
9. Columbus Day: 16.1% more deals
10. New Year’s Day: 13% more deals

It’s worth noting that all 10 of the best holidays occur in the fall and winter. The worst holidays to buy a used car, based on fewer than average deals come in the spring and summer:

• Mother’s Day: 29.8% fewer deals than on an average day
• Memorial Day: 29.5% fewer deals
• Father’s Day: 23.9% fewer deals
• Good Friday: 21.3% fewer deals
• Easter: 19.9% fewer deals
• Independence Day: 17.1%

For additional information and details, visit the iSeeCars.com website.

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