It depends on vehicle type, maker incentives and dealer inventory. Averages can be deceiving.
People looking to save on a new car or truck should do their shopping in August, according to a new study that says based on new car and truck prices during the past five years teh best month to buy is August Summer clearance prices have averaged $29,296 – $169 lower than any other month. The next lowest average is July. The average August savings are $716 less than the median price for the rest of the year.
Some say December was the best time for new car and truck buyers. TrueCar data reveals that prices in December average $31,146 – the most expensive month for new cars and $1,850 higher than August.
However, much depends on the type of vehicle, automaker incentives and the dealer’s inventory. Therefore, averages in this case can be deceiving.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
