Black Friday deals are typically on TVs, computers, and electronics. However, the web site Truecar.com stated that Black Friday, the day after Thanksgiving, is the best day to buy a car.
The average new car discount on Black Friday 2009, November 27, is projected to be 7.5% according to Truecar.com The average discount the day before and after is expected to be just over 6%. On a typical day throughout the year, car shoppers usually pay about 4.7% less than the sticker price.
TrueCar.com's monthly report on automobile deals says the "most negotiable" new cars now are the 2009 Audi Q5 and 2010 BMW 1-series.
Black Friday is at the end of the month, which is good news for auto dealers. Most are looking to close out their month with increased sales due to the Black Friday madness.
Dealers are under pressure to clear out 2009 model year cars and trucks before the end of the calendar year. Those cars will be much harder to sell after December 31, when they become last years models.
Buying a car on Black Friday may help consumers land a great deal while helping to clear out their stagnant inventory before the end of 2009.
Cheryl Phillips
HULIQ.com
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