Jenna Fullenkamp

Black Friday: Best day to buy a car.

by on November 23rd, 2009 at 4:11pm in News
By Peter Valdes-Dapena, CNNMoney.com senior writer

“When people think of Black Friday shopping, they usually think of things like flat screen TVs, toys and sweaters. Now you can add cars, trucks and SUVs.

Black Friday, the day after Thanksgiving, is the best day to buy a car, according to car pricing researchers at the Web site Truecar.com.

Analysts looked at day-by-day car pricing for the last several years. That data revealed that discounts on Black Friday are, on average, the biggest of the year.

“The discounts from dealerships, as well as manufacturers’ incentives, generate the highest discounts of the year on Black Friday,” said Jesse Toprak, an analyst for Truecar.com.

Unlike typical Black Friday sales where customers know exactly what they’ll pay for an item, car prices are individually negotiated the day of the sale, so it’s difficult for customers to know ahead of time they’ll be getting a deal. But there’s been a clear trend, Toprak said.

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.”

Great news for anyone in the market or ready to trade up into a MINI. Cincinnati MINI is joining in the spirit of day with $1500 instock 2009 models.

In MINI spririt all employees will be dressed in “black” for black friday. Just bring yourself, ready for the deals!

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5 Responses to “Black Friday: Best day to buy a car.”

  1. Buster Lupkin Says:

    Well I did start this earlier and got the same response, but the information submitted here looks more informative. I will say that people really are trying to help at there best and we always get to know some or the other thing good from each other. Thank you for starting the discussion again. And I will also post the earlier information here to make it more helpful for all. Thanks again and keep up the good work.

  2. Gregory Despain Says:

    wow what a interesting post , its really helpful for us
    and i saw this post on yahoo ill pop back to your site later today

  3. Margaretha Weiser Says:

    This is exactly what I was searching for on bing, I guess I got my answer!

  4. preowned vehicles Says:

    Have you tried some of the smaller Craigslist type of sites? You can try sites like Kijiji and BackPage. Not sure if you will be able to find exactly that vehicle, but it does open things up a bit. You can also try your local auto trader. They usually have them in 7-11′s and mini marts.

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