As we know people are waiting for the Black Friday deals a lot, they have already planned how they visit the malls and shop for everything needed there, but one thing they did not plan is visiting also auto dealerships for new car purchases and car auctions like RepoKar Auto Auction for buying used cars for great prices.
The four-day Thanksgiving weekend is one of those holidays — along with Memorial Day, Labor Day and the Fourth of July — when auto dealers typically sweeten deals to draw out buyers. This week, it could be even better than in past years. Here are the reasons: Automakers piled on the sales inducements in October, a reflection of slightly lower auto sales this year. Sales were off 1.7% through the first 10 months of 2017. That might not sound like a lot, but with more than 17 million new cars sold in each of the past two years, it means there are thousands of leftover models that dealers need to move off the lot. In some cases, that could mean dealers slash $5,000 off the list price.
Black Friday falls at a time of year when dealers are eager to move out 2017 models to make way for the 2018s. "The outgoing models are increasingly undesirable to dealers," said Karl Brauer, executive publisher for Kelley Blue Book and Autotrader. "They are going to do whatever it takes to move them" into the hands of buyers. Buyers on Black Friday typically get a better deal than the days preceding it, said Eric Lyman, chief analyst for TrueCar. But he cautioned that they shouldn't feel pressured to buy a car that doesn't suit them just because there's a better discount.
As more of the 2017s are sold off, that leaves fewer of the most desirable cars on dealer lots. The remains may not have the features or colors that buyers want most. "If the car's exactly what you want, go for it," Lyman advised.
