Most people take advantage of massive sales and big discounts during Black Friday and Thanksgiving. It is important to check dealership and know how long the deals will last get the best deal available on the market. In this year's Black Friday, industry analysts predict consumers will buy more than big-screen TVs, and video game consoles the weekend after Thanksgiving.
This month, estimates from Edmunds.com show 1,331,415 new cars and trucks will be sold in the U.S. The record would make it close to being the biggest November in the industry's history. Moreover, the sales are expected to be doubled after the Black Friday weekend.
A decade ago, November was considered as slow sales month for most car dealers, and it ranks third for the worst month to sell a car. However in the past few years, "car dealers have joined other retailers to embrace Black Friday as a big sales driver," according to Jessica Caldwell, sales analyst from Edmunds.com.
For the best deals this year, Ford is extending its "Friends & Neighbors" promotion until the Black Friday weekend. They are offering up to $3,750 cash back on their top-selling 2015 car models, such as the F-150 full-size pickup truck.
For a fuel-efficient sedan, Hyundai is giving away more than $5,000 cash on their 2015 midsize Sonata Hybrid together with 0.0% financing for up to 72 months.
Furthermore, Forbes listed 2015 Buick Encore subcompact crossover SUV as their best leasing deal of the year. Buick is selling the car for $175/month for 24 months with $1,675 due at signing.
Car lovers can also have zero percent financing for up to 75 months if they buy from Dodge, Jeep, and FCA's Chrysler while Chevrolet and GMC offer 20 percent discount on their selected in-stock models as part of their Black Friday deals.
Imported brands are also joining the bandwagon with seasonal promotions of their own. Expect Mercedes-Benz to have its year-end sales promotion.
Car dealers advised that buyers should assume the most generous incentives and biggest discounts to be limited to the slowest sellers in the market, especially on the remaining 2015 cars models in their inventory. Automakers of all stripes usually give sizeable cash rebates on leftover 2015 inventory.
Also, keep in mind that the deals often vary by region and are subject to subsequent modification by the manufacturers.
Always check local dealer's and automakers' website for more additional details and deals.
Happy Black Friday!