Are car deals better at the end of the year? Many people think they are.
Working with TrueCar, Consumer Reports scrutinized car-pricing information, identifying trends to determine when are the best times to buy.
Consumer Reports found that some new-car offers in late December are great, while others are just hype.
They also found that July is another good month, when it comes to new-car discounts.
The study was focused on vehicles that performed well in tests, had average or better predicted reliability, and had solid performance in crash tests. 30 of 240 models had better deals this December than in November. This group includes a mix of 2012 and 2013 models.
The deals on this group range from $500 to $4,000 better than the month prior, with total discounts ranging up to $6,000.
This also means that the majority of vehicles for sale now with discounts are not marked down lower than last month. Not really what advertising would lead you to believe.
The best year-end deals:
|Model||Added year-end discount||Total discount|
|2012 Hyundai Genesis sedan V6 3.8L||$4,000||$6,026|
|2012 Hyundai Genesis sedan V8 4.6L||$4,000||$6,335|
|2012 Toyota Sienna 8-Pass I4 LE||$1,500||$2,023|
|2012 Toyota Sienna 7-Pass Van V6 XLE||$1,500||$2,310|
|2013 Chevrolet Suburban 1500 LTZ 4WD||$1,023||$4,276|
|2013 GMC Yukon XL 1500 SLT 4WD||$1,023||$3,299|
|2012 Chevrolet Suburban 1500 LTZ 4WD||$1,000||$4,743|
|2013 Nissan Rogue SV AWD||$1,000||$2,235|
|2013 Acura MDX AWD||$1,000||$3,366|