Ranked

These are the best and worst times to buy a used car

A new study has found when is the best time to buy a used car.

Photo courtesy of Jules Frazier Photography

A new iSeeCars study has analyzed over 32 million used car sales to see what the worst times of the year are to buy a used car. The company focused on whether consumers would be able to find more or fewer deals than average. A deal being defined as savings of five percent or more, which amounts to over $1,100 off the price of the average used car at $22,008.

"The months and holidays toward the end of the year are often touted as a great time to find a used car deal, but it's the beginning of the year that provides the most deals," said iSeeCars Executive Analyst Karl Brauer. "Conversely, the summer and early fall months are the least likely to bring used car deals for consumers."

Before you make it a December to remember, check out the best and worst times to buy a used car.

10 Worst times to buy a used car

10.) October - 5.5% fewer deals than average
9.) Mother's Day - 10.9% fewer deals than average
8.) May - 14.7 % fewer deals than average
7.) August - 14.7% fewer deals than average
6.) Memorial Day - 14.7% fewer deals than average
5.) September - 15.0% fewer deals than average
4.) Father's Day - 15.5% fewer deals than average
3.) July - 16.2% fewer deals than average
2.). June - 16.9% fewer deals than average
1.) July 4th - 18.6% fewer deals than average

10 Best times to buy a used car

10.) Thanksgiving/Black Friday - 2.7% more deals than average
9.) November - 6.2% more deals than average
8.) Veterans Day - 11.9% more deals than average
7.) March - 12.6% more deals than average
6.) December - 13.0% more deals than average
5.) Christmas Eve - 18.1% more deals than average
4.) New Year's Eve/New Year's Day - 20.5% more deals than average
3.) February - 22.1% more deals than average
2.) January - 28.7% more deals than average
1.) Martin Luther King Day - 39.2% more deals than average

Best and worst months to buy a used car

12.) June - -16.9% more deals than average
11.) July - -16.2% more deals than average
10.) September - -15.0% more deals than average
9.) August - -14.7% more deals than average
8.) May - -14.7% more deals than average
7.) October - -5.5% more deals than average
6.) April - -0.9% more deals than average
5.) November - 6.2% more deals than average
4.) March - 12.6% more deals than average
3.) December - 13.0% more deals than average
2.) February - 22.1% more deals than average
1.) January - 28.7% more deals than average

Trending News

Nuts & Bolts

 
 

Volvo is allowing Super Bowl LV fans to enter to win a free car - terms and conditions apply.

Photo courtesy of Volvo Car USA

Volvo Car USA Is bringing back its Volvo Safety Sunday campaign for this year's big game. This time around, they're giving away up to $2 million worth of cars.

When the Kansas City Chiefs take on the Tampa Bay Buccaneers at Super Bowl LV on February 7, 2021, Volvo fans won't be talking about the old guard/new guard quarterback battle. They'll instead be hoping for a safety.

Here's how it works. For a chance to win a free car, contestants visit VolvoSafetySunday.com between January 25 and February 7, 2021 to design, in any trim and color available in the U.S. Entrants can build their car in the Volvo vehicle configurator or take a short quiz that will recommend a model based on their lifestyle. Once configured, users must click "Try to win this Volvo" on the summary page to enter. Full rules, terms and conditions can be found at VolvoSafetySunday.com.

Potential winners must enter the contest ahead of Super Bowll LV.Photo courtesy of Volvo Car USA

Volvo Safety Sunday 2021

Then, it's all up to the Chiefs and Bucs. It doesn't matter which team scores the safety. As long as one football lands in the end zone to score two points, there will be winners. Think it's a long shot? Remember that just last week the Buffalo Bills scored their first points of the game via a safety.

The giveaway is part of a larger push by Volvo to focus on the safety offered by their vehicles. The company is currently innovating to address the challenges of speed, intoxication, and distraction. Some of this work includes looking at how smart speed control and geofencing can automatically limit vehicle speeds near schools and hospitals in the future.

A new vehicle, designed to rise to meet some of this with hands-free driving software built in, is the redesigned 2022 Volvo XC90, which is expected to go on sale later this year. The XC90 is Volvo's best-selling SUV in the U.S. It comes in two- and three-row configurations, is available with a plug-in hybrid electric powertrain, and routinely is evaluated as having one of the poshest cabins in its class.

Last year, Volvo put $1 million worth of cars on the line to celebrate the more than one million lives saved by the three-point safety belt, a Volvo invention.

Trending News

 
 

The Lotus Exige Sport 410 20th Anniversary debuted last year to celebrate the milestone birthday of the model.

Photo courtesy of Lotus Cars

Lotus is turning the page. The company, now majority-owned by Geely, the parent company of Volvo and Polestar, is moving into more exotic territory. That means that it needs to bid adieu to three models as part of a larger Vision80 strategy.

The Lotus Evora, Exige, and Elise will exit the lineup after 2021. Lotus has announced that their production will end by December 31, but an exact manufacturing timeline is publicly unknown. Replacing the models is a new series of sports cars based on the Lotus Type 131 prototype, among others.

The new cars will be manufactured at a facility in Hethel, Norfolk, England. The strategy will ultimately result in the relocation of two Lotus sub-assembly facilities into one central operation in Norwich to support higher volumes of production and sales.

Lotus Evija The Lotus Evija hypercar is the company's future. Photo courtesy of Lotus Cars

That move is a £100-million-plus investment in the facilities that includes hiring of 250 employees. This is in addition to the 670 employees that the company has recruited since 2017, when Geely and Etika took ownership of the company.

The Lotus Elise debuted in 1995 showing off a body made of extruded and bonded aluminium, and lightweight composites. In May 2020, the Lotus Elise Classic Heritage Editions debuted, showing off unique paint jobs that are a nod to days past, and offering an enhanced exterior and interior spec over the Elise Sport 220 on which they're based.

In 2000, the Exige launched as the Lotus 'race car for the road'. In June 2020, the company debuted the Lotus Exige Sport 410 20th Anniversary to mark the model's birthday.

Lotus launched the Evora in 2008, marking the company's return to the super sports car sector. In January 2020, a cheaper version of the car, designed to better fit the daily driver lifestyle, was offered.

A plug-and-play digital instrument pack was made available in mid-2020 giving drivers of the three cars in the current lineup access to lap recording ability for over 4,000 race tracks.

Lotus Lotus has released this image teasing three future cars the company plans to produce.Photo courtesy of Lotus Cars

Lotus

By the time production is over, Lotus will have sold 55,000 units of the Elise, Exige, and Evora combined.

Lotus recently released video of the forthcoming Evija hypercar taking to the track, unleashing its 1,973 horsepower. The company's engineering team has bragged about its capability and it's safe to say a lot is expected of the model.

Though they're looking forward, the company is also giving an approving nod to its past, delivering its first Certificate of Provenance to a 1981 Turbo Esprit that was driven by Margaret Thatcher. Further certifications are underway.

In April, Lotus celebrated the 35th anniversary of Ayrton Senna's first Formula 1 win (in a Lotus) with a special edition podcast dedicated to the late, great racer.

Trending News