Okay, maybe Black Friday isn’t completely dead. It might be a good day to get a discount on a used car, for example. A recent report found that Black Friday had 33% more deals than on an average day. In fact, that percentage was higher than any other holiday.
Car shopping site iSeeCars analyzed the pricing history of over 40 million used cars from 2013-2015. Veteran’s Day, Columbus Day, and Thanksgiving were all decent days to find used car deals, but Black Friday topped the list. You can see their full list of best days to buy in the infographic below, and the following list shows the 10 best used cars to buy on Black Friday, according to the percentage of better than average prices.
- Hyundai Elantra: 230.6% more deals than average day
- Hyundai Sonata: 158.9%
- Ford F-150: 156.3%
- VW Jetta: 115.6%
- Chevrolet Silverado 1500: 115.4%
- GMC Sierra 1500: 84.7%
- Chevrolet Camaro: 74.8%
- Honda CR-V: 69.8%
- Chrysler Town and Country: 63.5%
- Honda Accord: 62.0%
In an email, they explained a bit more about their methodology:
For the Top 10 Best Cars to Buy on Black Friday, cars for the last 5 model years (2011–2015), with at least 750 vehicles sold on that day were included. For each model, the percent of cars sold with at least a five percent discount on Black Friday was compared to the same metric averaged across the 2013-2015 period. Models were ranked by the percent difference between the Black Friday percentage and the average percentage.
Interestingly, they also found that, in general, dealerships offer even better discounts on the first day of the month than the last. Prices were 8.5% better than average on the first day compared with 5.6% on the last day. The site’s CEO, Phong Ly, explained:
“A dealership’s sales month usually ends a few days into the next calendar month. So sales made on the first of the month can be included in the previous month’s sales…Much like with the end of the year, dealers are probably trying to make some last-minute sales to meet their monthly goals.” Similarly, the fifth day of the month was the worst day for deals, most likely because it is always at the beginning of the new sales period.
Of course, your own experience may vary, but it’s interesting to see how these findings stack up. For more detail, check out the infographic below or head to the link.
Best Car Deals For Black Friday And Thanksgiving | iSeeCars