When Does The New Model Year Effect The Prices of Used Cars ?
The automotive model year officially changes like on 10-1 or thereabouts, if I recall correctly.
However, prior to that, info about the new models is available.
At some time during the year, the price of all cars (with certain exceptions) drops a notch – demand for the ‘expiring’ year drops off as people will wait a little while for the new one. That trickles down and at that point, every prior model year drops down a notch.
That effect is wayyy big if there is a significant change in the new model.
So, the question is:
When does this dropping-a-notch in price happen – practically speaking ?
BTW – I am not going to buy a new car – so i don’t need any info on the strategies involved w them.
For cars/trucks that are a few years old, when will their resale value take some amount of a hit due to the impending release of the new model ?
GABRIELA
January 31st, 2003 at 12:12 am
Not really sure but i think this web site might can help. Hope it helps.
February 2nd, 2003 at 4:53 am
Many cars start getting majorly marked down in late June/early July. I would suspect that the best deals (if the buyer isn’t partial to any color/specs) are to be had in August, since dealerships need to clear out for new inventory.
February 5th, 2003 at 7:25 am
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