SANTA MONICA, Calif. — Don’t fret if you just missed out on getting a new car during Black Friday. December is shaping up to be a great month for consumers to hit the dealership lot, with a forecasted seven of the top 10 days to buy a car this year falling within the last month of the year. TrueCar.com suggests car buyers take advantage of some amazing deals available on 2011 and 2012 models that can save consumers up to 32 percent off a new car. TrueCar.com, the only transparent publisher of real-time new and used (ClearBook.com) vehicle transaction data in the U.S. market, has found the best new car deals on vehicles including cash, finance and lease deals available nationwide, and is forecasting that New Year’s Eve, December 31st will be the second best day of the year to purchase a vehicle with an average discount of over 9.3 percent from the Manufacturers Suggested Retail Price (MSRP). The cash deals reflect the possible discount from (MSRP) and include manufacturer’s rebates and other incentives.
With seven of the top 10 days to purchase a car in December, here are the days and average discount percentage expected:
|Best Days to Buy in December|
|Date||Expected Average Discount|
“December is going to be the best month of 2011 to buy a car with manufacturers offering attractive year-end incentives and dealers motivated to move inventory to get to their sales objectives,” said Jesse Toprak, VP of Industry Trends and Insights for TrueCar.com. “It’s also a good month to buy a luxury vehicle or large truck/SUV. But car buyers should remember to do their research before buying a car by locking-in an already negotiated price, which can result in significant savings and in a pleasant buying experience at the dealership.”
Some examples of discounts available on 2011 and 2012 models include:
|Year/Make/Model||MSRP||Estimated Net Price*||Percent Discount**|
|2011 Chevrolet Silverado 1500||$22,230||$15,194||31.7%|
|2011 Chrysler 200||$21,995||$16,790||23.7%|
|2011 Nissan Armada||$44,615||$34,899||21.8%|
|2012 Jeep Liberty||$24,155||$19.085||21.0%|
|2011 BMW 3 Series||$45.025||$37,095||16.7%|
|*Estimated Net price is the estimated average transaction price of a vehicle after incentives.|
|** Percent Discount is rounded to the nearest tenth|
- 2011 Chevrolet Malibu – 0% financing for up to 72 months (Expires: 1/2/2012)
- 2012 Ford Fusion – 0% financing for up to 60 months (Expires: 1/1/2012)
- 2011 GMC Sierra 1500 – 0% financing for up to 60 months and $1,000 cash (Expires: 1/2/2012)
- 2012 Honda Accord – 1.9% financing for up to 60 months (Expires: 1/3/2012)
- 2011 Kia Optima – 1.9% financing for up to 60 months plus $500 cash (Expires: 1/3/2012)
- 2012 Volkswagen Tiguan – 0.9% financing for up to 60 months (Expires: 11/30/2011)
- 2011 BMW 328i – $299 per month for 36 months with $4,924 due at signing and 10,000 miles annually (Expires: 1/3/2012)
- 2012 Buick LaCrosse with eAssist – $331 per month for 39 months with $0 due at signing and 12,000 miles annually (Expires: 1/3/2012)
- 2012 Cadillac CTS – $399 per month for 36 months with $0 due at signing and 10,000 miles annually (Expires: 1/3/2012)
- 2012 Lexus IS 250 – $339 per month for 36 months with $3,499 due at signing and 10,000 miles annually (Expires: 1/3/2012)
- 2012 Mercedes-Benz GLK350 – $399 per month for 30 months with $4,583 due at signing and 10,000 miles annually (Expires: 1/3/2012)
Once consumers have identified the best vehicle for them, TrueCar.com’s Best Local Price tool, provides shoppers the Lowest Certified Price, a “no-haggle” upfront price from participating dealers. For more information about the pros and cons of leasing and getting a better deal through leasing, please visit the TrueCar Blog
TrueCar, Inc. is an automotive solutions provider focused on changing how cars are sold by providing a significantly better customer experience while helping qualified dealer partners to gain incremental market share and reduce costs. TrueCar is a transparent, visual publisher of new car transaction data. TrueCar price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid for the identically equipped new car over the last 30 days both locally and nationally. TrueCar works with a national network of over 5,400 Certified Dealers that provide up-front, no-haggle, competitive pricing to assist some of the nation’s largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. These partnerships include American Express, AAA, USAA and more than 60 others. Collectively these audiences represent over 1M in-market customers each month. TrueCar is headquartered in Santa Monica, CA and has offices in San Francisco. The company was founded in 2005 and has been profitable since 2009. With 131 percent annual growth since 2006, TrueCar has helped dealers sell over 400,000 vehicles and is developing a suite of transaction oriented products and services centered on transparency and radical clarity as a result of comprehensively analyzing market data and information.
About TrueCar Data
TrueCar obtains data directly from numerous sources including technology companies, data aggregators, and analytics companies within the automotive space. We also acquire vehicle configuration data, customer and dealer incentives data, financing and loan data, vehicle registration and insurance data, and much, much more. TrueCar is insatiable about data with our goal to find 100% of all purchase transactions, even if that means finding the same transaction multiple times from multiple sources within the car-buying ecosystem. Our data is among the most timely and comprehensive in the industry, as we are able to process most car sales within a week of the actual sales date, and have a substantial fraction on the site within 48 hours of the actual sale. TrueCar believes the greater our informational accuracy, the greater benefit we provide to both dealers and consumers.
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