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

Cars and Drivers

Published: November 21, 2017 9:43 am

Last Updated: January 12, 2020 6:07 am

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.

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

Veteran’s Day: 42.5% more deals than on an average day
Black Friday: 37.5% more deals
Christmas Eve: 35.6% more deals
Thanksgiving Day: 33% more deals
Christmas Day: 31.4% more deals
Halloween: 30.9% more deals
New Year’s Eve: 30.2% more deals
Martin Luther King Day: 23.4% more deals
Columbus Day: 16.1% more deals
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.

ALSO READ: Are Fuel-Efficiency Standards Really Driving Vehicle Prices Higher?

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