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When Will the Best Car Deals Appear?

June 4, 2020

With the economy in shambles, 20% unemployment, and car sales plummeting, those of you shopping for a car right now are wondering why you're not seeing incredible deals, and when can we actually expect to see them?

Short answer: If the economy and recession play out as expected, used car deals should peak around August of this year. But if the recession turns out to be worse than expected, then peak deals should arrive around November. This is all according to the latest Black Book Market Analysis - which I tend to agree with.

Black Book keeps close track of the wholesale automotive market (basically where dealers buy and sell used vehicles). Here's a summary and highlight from their report.

My Recommendation for Car Shoppers

TrueCar, RydeShopper, and CarsDirect are the best way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
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Gregg Fidan

About: Gregg Fidan


Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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