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The best time to buy a car, according to Edmunds data
Edmunds says shoppers can save by waiting until the end of the month, when dealers face pressure to clear inventory and hit sales goals.
Late summer and year-end are the best times to buy a car, according to Edmunds analysis, as these periods offer the most significant opportunities for consumer savings.
Dealerships prioritize clearing outgoing model-year inventory to make space for new arrivals, forcing sellers to reduce prices and offer incentives during the final months of the year.
Sales personnel often face pressure to meet annual quotas, creating favorable conditions for buyers who negotiate during these peak times and can yield significant savings.
Before visiting a showroom, shoppers should conduct thorough research and take test drives, allowing them to effectively navigate the high-pressure dealership environment and secure better terms.
Personal financial readiness remains the most critical factor for a successful purchase, despite the value of market timing; shoppers should prioritize long-term budget over seasonal discounts.