buying What's the Best Month to Buy a Car?

02:40  11 may  2017
02:40  11 may  2017 Source:   U.S. News & World Report

March 2017 Truck Sales – F-Series Dominates, Titan Gains

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What ' s Working: Purpose + Profit. WorldPost. The customer who comes in ready to buy at the end of the month might get a better deal if it helps put the manager over the In order to get the best car deal, buy a car toward the end of the year, as in October, November or December, said Benjamin K

It turns out there' s no one best time. Instead, there are actually three. (Which is good because then you have more opportunities!) 1. August. 3. The end of the month . Salesmen trying to get their monthly quotas are more likely to be a little more flexible.

  What's the Best Month to Buy a Car? © Provided by U.S. News & World Report, L.P.

If you’re planning on ponying up for a new car this year, know that certain months may be lighter on your wallet than others.

Avoid Spring

Spring is the least budget-friendly season; warmer weather attracts people eager to spend after enduring a lengthy winter, especially if they have tax refund checks in hand. But in summer, fall, and winter, the laws of supply and demand are more nuanced. The optimal time to head to the dealership depends on what you want to buy.

Inventory moves slower in winter, leaving dealers more likely to cut a deal. They’re also incentivized to clear their lots in the summer to make way for next year’s models. Those incentives tend to extend into the fall, as automakers continue to rollout future releases. Regardless of the season, you’re likely to get the best deal on a vehicle when demand for the segment is slow, so time your convertible purchases for the winter and robust SUVs and pickup trucks for the summer.

US Auto Fuel Economy Rating Rises to 25.2 MPG in March

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The optimal time to head to the dealership depends on what you want to buy . [6 Best Times to Buy a Car ]. [10 Best Car Buying Tips for 2017]. “While the best month to buy a car depends a lot on market conditions -- how sales are doing, where interest rates are – December, particularly the week

New car buying tips about the best time to buy a car in this section What if you're the 50th person to walk into the dealership wanting to buy a Malibu and it' s the last day of the month ?

Research

Research

August Is Ideal (If You're Not Buying Luxury)

The sweet spot for non-luxury vehicles, according to industry insiders, is August, especially if you’re searching for the current model year. Dealers start receiving shipments of next year’s models during the summer and are in the thick of summer sell-down promotions by August, when they face mounting pressure to clear the lot for incoming inventory. But it’s not so late in the year that the current year’s models are in short supply. Instead, August is when you are likeliest to find a vehicle with the color, trim, and options you want.

Toward the end of the year, inventory thins and finding your dream configuration gets more difficult. Note that you’ll get the best deals – sometimes shaving four-figures from the MSRP – on models about to undergo significant redesigns. Buying the current model year means your new car might lack the latest styling and technology, which could lower its resale value if you plan on selling it within a few years.

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If you are buying pre-owned, the month you buy won't make a difference. With new cars , it depends on incentives. If business is as slow everywhere as it is where I work, buy this month .

What is the best time to buy a new car in Bengaluru? Related Questions. I am 24 and I am planning on buying a new car which will cost me 35% of my salary per month .

  What's the Best Month to Buy a Car? © Provided by U.S. News & World Report, L.P.December for Luxury

For luxury purchases, the best month to buy is December. “All of the manufacturers are trying to meet or beat their sales forecasts,” says Melissa Steffy, general manager at Herb Chambers BMW in Boston. That’s when you’ll be able to snag the deepest discounts on the current year’s luxury leftovers. But you won’t be able to afford to be as picky as you could be earlier in the year because dealerships have fewer options on hand.

Regardless of the month, common wisdom holds that the fourth week of a month is generally a better time to buy than during the three weeks prior. Some auto sales professionals say that the last weekend of the month is a sweet spot, as dealerships look to take advantage of the uptick in foot traffic. Note that December isn’t the only time dealers and sales associates need to strive to hit year-end sales quotas. They also have to hit their targets at the end of each month and the end of each quarter. That means you’re likely to get a deal at the end of the month and an even better one at the end of March, June, September, and December when the fiscal quarter concludes. Oftentimes, you won’t have to wait until the very end of the month or quarter to reap the benefits, however. Dealers begin preparing to meet their quotas a few days in advance, so it’s possible to get a head start on those negotiations.

April 2017 SUV Sales – Honda Takes Back Top Spot

  April 2017 SUV Sales – Honda Takes Back Top Spot The top 10 best-selling SUV and crossover models on the market for April 2017 enjoyed hot sales last month.Consumers are clamoring for crossovers, if April 2017’s sales numbers are any indication. Although overall new-vehicle sales were down slightly last month, crossovers and SUVs generally enjoyed impressive showroom performance compared to April 2016, overcoming the challenge of one fewer selling day this year. Predictably, most of last month’s best sellers were body-on-frame crossovers, though one rugged SUV retains its place near the top.

What ' s the Best Month to Buy a Car ? Enthusiasts. This Car Is the Italian Corvette You Know Nothing About. 14 Mopar Crate Engines You Can Buy Now. Deep Dive: Secrets of the next Corvette's engine and lineup.

When you're buying a new car , haggling for the best -possible deal is an excellent way to ensure you'll get a good price on a vehicle you're considering. Of course, buying at the end of the month is also always a good idea, as car dealers work hard to meet monthly sales quotas.

  What's the Best Month to Buy a Car? © Provided by U.S. News & World Report, L.P. Between Christmas and New Year's

The single best week to purchase a new vehicle is between Christmas and New Year’s because, as Herb Chambers BMW’s Steffy points out, general managers and sales associates are trying to meet personal and dealership-wide end-of-year sales quotas. The final week of the year intensifies competition on all fronts: Automakers give dealers significant payouts to move the current year’s models from their showroom lot to your driveway at the end of the year. Many general managers and sales associates will be aiming for that bonus, so they’re more willing to offer you a better deal. They’re also likelier to make you a deal in anticipation of the annual winter sales slowdown in January and February. In addition to the incentives and deals they promote to attract customers, there’s usually also ample inventory from closeout models, giving customers more choice on additional bargains.

“While the best month to buy a car depends a lot on market conditions -- how sales are doing, where interest rates are – December, particularly the week between Christmas and New Year's – typically has the lowest transaction prices, as dealerships look to end the year on a strong note, and most people aren't shopping then,” says Jamie Page Deaton, managing editor of U.S. News Best Cars. “When you add year-end deals to your already strong negotiating position, you end up having a great chance at saving a lot on a new car.”

IndyCar fans awesomely troll F1 driver Lewis Hamilton with Nickelback sign .
Well-played, IndyCar fans.

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