If you had to guess, when would you say is the best month to buy a new car? If you said December, you’re not alone. However, according to new data published by TrueCar.com, August reports the lowest average car prices of the year.
The study calculated the average price per transaction per month for the past five years. During August, new cars sold for an average of $29,296, while December defied popular belief with the highest average of the year at $31,146.
TrueCar.com attributes August’s lower prices to the exchange of older inventory for the new models which often debut around this time.
“This is a great example of the power of data, which shows dealers are clearing out older inventory in August,” said Scott Painter, TrueCar founder and CEO.
With only a few days left in August, the only other question we have for you is this: Why aren’t you on your way to Bradshaw Chevrolet Buick GMC Cadillac yet? Bradshaw offers plenty of new 2015 Chevrolet, Buick, GMC and Cadillac cars for Upstate South Carolina buyers! We’ll see you soon!