We all know that when new models come out, dealers really like to get rid of their old stock. But the days leading up to New Year’s Day are also important. Nobody wants to buy a 2022 model in 2023, so dealers are more eager to get rid of their old inventory before the leftovers of 2022 turn into unusable leftovers. Also, most of the merchants aim to get and earn bonuses, which makes them more eager to transact.
The days leading up to the new year are the best days to buy a new car
In the past, it was the fall. Accordingly, the best time to go for a new car is now. Traders are keen to overcome not only this artificial change in the calendar but their very real stake demands at the end of the month and year. However, in years past, dealers were full of inventory. Not so much this year, as manufacturers have been constantly battling supply chain issues.
, which tracks economic indicators, such as car stocks, compared to last year, dealers have cars. Compared to this time last year, dealers have 110,000 more cars for sale. In early 2021, dealerships still had several thousand vehicles for sale, which makes us wish for a time machine. Regardless, for car buyers, the tide seems to be turning.
Inventories are on the rise, especially for US brands
Overall, according to a new report from Microsoft, Asian and European brands have the lowest inventories. Kia, Toyota, Subaru, Honda and Hyundai saw the lowest inventories. Land Rover, Lexus Acura and Porsche also saw smaller inventories. But American brands are keeping up with demand. Stellantis, the parent company of Dodge, Ram, Jeep and Ford, has the highest inventory. Lincoln, Volvo and Infiniti dealers also had better-than-average inventory.
Also, according to the report, if you want to, you’re in luck. The same goes for smaller cars or any hybrid car, which is very popular with higher gas prices. In terms of pricing, if you want to spend less than $40,000, the offer is pretty tight, with a 30-day supply handy. The more expensive the car, the more inventory that appears to be available. So if you want a big and expensive one like a, no problem.
The most popular truck currently available is the Chevrolet Silverado
If you want a truck you’re in luck. Ford F-150 and Ram 1500 are available in large quantities.
When it comes to finding a small SUV, you’re most likely to find a new one, a Nissan Rogue, Ford Escape, Mazda CX-5, or Jeep Compass. If you want a third row, you’ll probably find a new Honda Pilot a lot. You are unlikely to find new SUVs, including Kia Sportages, Honda Passports, Subaru Forester or Toyota Highlander.