Summary:
If you’re in the market for a used car, the best time to buy is often during specific times of the year when prices are lower. Used car prices spiked during the pandemic but have since dropped and become more predictable. A report by iSeeCars analyzed used car sales data from 2023 through November 2024 to identify the best times for deals.
The best days to buy a used car are New Year’s Eve and New Year’s Day, with nearly a 50% higher chance of getting a deal on a used car compared to regular days. Other good days for deals include Martin Luther King Jr. Day, President’s Day, Christmas Eve, Thanksgiving/Black Friday, Halloween, Columbus Day, and Veteran’s Day.
In addition to specific days, certain months offer better prices. January, December, February, and November are the prime months for a deal on used car, with fall and winter generally providing the best opportunities to save. This is often due to more people trading in old cars while shopping for new ones, increasing the supply of used vehicles.
On the other hand, summer tends to be the worst time to shop for a used car. Holidays like Father’s Day, July 4th, and Memorial Day, as well as the months of June, May, and July, often offer fewer deals.
When shopping for a used car, be cautious of red flags, such as vehicles with a history of accidents or unclear ownership. It’s always important to research the market and inspect any used car thoroughly to ensure you’re making a sound purchase.
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