Black Friday best day to buy a car

The average discount on a new car bought on Black Friday is 7.5 percent. (AP)

November 23, 2009 5:25:16 PM PST
Analysts say the best day of the year to buy a new car is Black Friday, the day after Thanksgiving.

Truecar.com, a car pricing website looked at historic day-by-day car pricing data and found the average discount on a new car bought on that day is 7.5 percent, up from the daily average of 4.7 percent.

The discount can be explained several ways -- end of the month, end of the year and a generally slow time for dealerships since consumers are focused on holiday shopping.


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