Black Friday is traditionally one of the best days for shipping, while stores slash their prices to draw in large crowds to jump start the holiday shopping season. The sale falls the day after Thanksgiving and incorporates most major department stores, Walmart and other electronic stores. But what most barging hunters do not know is Black Friday is also one of the best days to purchase a new vehicle. Not only are electronic and clothing stores bringing in the big deals to 2011 shoppers, car dealerships around America are getting ready and slashing prices for the Black Friday festivals.
According to auto research and forecasting company TrueCar, Black Friday will not only be a day of saving on DVD players and TVs. “Our analysis of the data has shown that Black Friday is also the biggest savings day of the year for car buyers,” CEO Scott Painter says. Dealerships across America will be dishing out some of their best deals of the year in hopes to bring in a larger car-buying crowd and wrap the 2011 fiscal year on good standing. According the report by TrueCar, car prices can decrease up to 23% for Black Friday.
This year the largest deal is predicted to be on the 2011 Mitsubishi Endeavor, originally retailing for $29,109 but expected to drop as low as $22,334 for the after Thanksgiving shopping.
Another study held by Kelly Blue Book Market Intelligence survived a group of prospective shoppers of their likelihood of purchasing a new vehicle this Black Friday and the study found 55 percent of the shoppers said they were somewhat likely to buy a new vehicle while 12 percent said they were extremely likely to purchase a new vehicle.
Along the same study, 65 percent of respondents stated they would be more likely to purchase a new vehicle if Black Friday sales and discounts were available.
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