When is the best time of year to buy a new car?
If you’re looking for the best deal and don’t need all the latest gadgets and features, now is a good time to look for a new car, especially if you don’t mind a 2007 model or a car that an automaker plans to redesign for the 2008 season. Automakers traditionally roll out the next year’s models in August and September, and dealers typically try to clear out their old inventory to make room for the new models. The end of the calendar year also is a good time to buy a car because automakers and dealers are trying to meet sales or market share objectives for the year, according to Cars.com. December sales typically are better than average because all incentive programs — at all levels — usually come to an end on Dec. 31, according to Tom Libby, senior analyst with Power Information Network, a division of J.D. Power & Associates. “This creates a strong sales close for the month,” Libby said. Patrick Olsen, managing editor of Cars.com, said finding the best deal depends on what is most imp
