Business is traditionally slow for a dealer around the holidays. During the Thanksgiving and Christmas periods, customer rebates and incentives are normally higher than the rest of the year.
However, car dealerships tend to cut back on their inventory around this time of year also, selling off as much old inventory as possible to make room for the new incoming models. Depending on what kind of vehicle you’re looking for, this may be a good time for you to buy.
If you’re going to buy a vehicle during the holidays, make sure you do your homework as you would before buying a car at any other time during the year.
Dealerships are always promoting some kind of “BIG SALE!” Don’t fall for the hype, it’s all a numbers game to them. They will attempt to make as much money as they can from an uneducated buyer every chance they get.
Other days of the year that are a great time to buy a vehicle include:
- Labor Day
- Memorial Day
- Black Friday (weekend)
- Cyber Monday
- July 4th
Dealers tend to make a big deal and will hold huge sales events around these specific days.