Best Time to Buy a New Car

Readers often ask me "when is the best time to buy a new car?"

Well, TrueCar has the definitive answer, based on millions of real-world transactions. They found New Year's Day to be the best day to purchase, Monday the best time of week, and best month depends on which segment of vehicle you want. Pickup Trucks offer the best deals in October, mid-size and compact sedans are best to purchase in November, small and luxury SUVs are best in December, and surprisingly, mid-size SUVs are best to purchase in May.

See below for a full break-down of the data. As always, I recommend using TrueCar No Haggle and CarsDirect to see the lowest prices your local dealers are willing to offer.