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The end of the year is widely, September to December, regarded as the best time to buy a car, whether new or used, in Canada. Several factors contribute to this: a. Dealer Incentives and Discounts. As the year comes to a close, dealerships are eager to meet their annual sales targets. To do so, they often offer significant discounts, incentives ...
Historically speaking, new vehicle sales in Canada are stronger during spring and summer months than in fall and winter months. As an example, new vehicle sales in Canada for May 2019 totalled 203,000 units while new vehicle sales in February of the same year totalled 121,000 units. That said, a slow sales month might translate into hungry ...
Sep 19, 2024 · Unfortunately, it isn’t an exact science because it changes from car to car and dealer to dealer. However, you can use the guideline of 2 or 3% on less expensive brands, and 5 to 10% on luxury brands as a rule of thumb. Regardless of if you’re buying a Kia or a Mercedes, the reality is there isn’t too much room to work with when just ...
Jul 9, 2024 · The bank estimates auto sales this year will grow 9.6% and reach pre-pandemic levels in 2025. Prymak suggested it is ideal to wait another six months for a better deal on new cars—especially for ...
Aug 26, 2024 · In the past, a leading opportunity for car buyers to get a good deal is at the end of the year. Annual quotas can put pressure on salespeople and result in them giving in to your demands, leading to you getting a much more desirable price. The best time is during the last couple of weeks of December.
Oct 9, 2024 · What to Expect in 2025. New car prices have shown signs of softening in the year ahead. Sales have slumped for some major car brands, most notably Jeep and Nissan. Electric vehicles prices have fallen tremendously from 2022’s highs. For slower-selling vehicles with higher supply, 2025 will likely bring lower prices.
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Mar 4, 2021 · Generally speaking, the best time to buy a car in Canada is late fall through early winter. More specifically, it’s best to purchase at the end of a time period—like at the end of the month, calendar year, car model year, etc. October, November, and December are prime car-buying months because that’s when dealers are looking to clear out ...
