If you want to change car, saving money, there is no better time than summer to do it. But the end of the year is also a good time to buy a used car. Carvertical experts explain the secrets of the business.
The second-hand vehicle market has fluctuations throughout the year, which means that waiting for the right time can translate not only a higher supply of vehicles, but also lower prices.
A study by, a company that specializes in automotive data, revealed how purchasing habits in the used vehicle market vary throughout the year.
It is in June that fewer cars are sold. On the carvertical platform, this month it represents 7.6% of all purchases. December are followed by 7.8%, and May, with 8% of the reports.
“A Reduction of demand in May and June It can be attributed to seasonal automotive market trends. With the end of winter, interest in buying cars usually increases – this is where many buyers try to replace their vehicles. However, as summer approaches, demand is slowing again, ”explains Matthew Buzelcarvertical automotive specialist, in a statement sent to ZAP.
That’s why, at summer, Many salespeople make discounts In older models to give way to a new inventory. Thus, customers have the opportunity to replace their vehicles to “More inviting prices”.
In the fall, cars make it expensive
After the months of lower activity, such as May and June, the market begins to warm in the fall. The most popular months for the purchase of vehicles are October (9.3%according to Carvertical), November (8.8%), and September (8.7%).
Many hurry to buy a vehicle before winter, which makes autumn a period of great activity in the market of used vehicles. However, the increase in Search in this period also implies higher prices. Thus, those who buy a vehicle in the fall should be prepared to spend more.
“Waiting for the right height can mean more money in your pocket”refers to Carvertical, in the statement.
End of the year is also good height
The end of the year is also a good time to change car.
To reach the sales objectives and flow the older models Before the New Year, the stands and dealers often make discounts or give special incentives.
“Few people buy a car before the festivities. As vehicle sales tend to be slower during this period, buyers have more negotiation power and can get better prices,” explains Buzelis.
For companies, the end of the financial year often points out the time to update the fleet, so the number of company vehicles placed for sale increases significantly.
Cyclic business
When the Winter endsthe market becomes more active and drivers start looking for new vehicles.
When they realize the increase in the interest of buyers, the sellers are then shown less willing to negotiate the price.
Although the winter and summer months can offer good opportunities to find cars at interesting prices, experts advise them to precipitation in purchase.
“Buying a used vehicle always involves some risks, so it is important to be prudent: Search the vehicle’s history, make a complete test driveand make a inspection“Buzelis recommends.
