4 Car Models That Will Have Massive Price Drops in October 2024
If you are thinking about potentially buying a new car this year, you might want to wait a few more weeks. That’s because there could potentially be an opportunity to save money and get in on some great car deals due to massive drops in pricing. Often, automotive manufacturers and dealerships will have specials over Labor Day, Veterans Day and other holiday weekends, but throughout October and November of this year, prices could drop even further, leading to more discounts passed along to you.
“Fall and winter are often a good time of year to buy a car, as dealers and automakers begin lowering prices on existing stock to make way for new models,” said Nigel Tunnacliffe, the co-founder and CEO of Coastline Academy. “In many cases, these older models offer similar, if not the same, benefits as their newer counterparts, so taking the time to research potential models beforehand can allow you to take advantage of exceptional deals.”
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However, Tunnacliffe noted that “it’s important to also consider broader market forces that may be influencing the particular types of makers and vehicles that will be offering the most overall value.” For example, he said, “this year, spiking oil prices are expected to drive up demand for EVs and hybrids, opening up the potential for great savings if you know where to look.”
Here are four car models that are expected to have significant price drops over the coming season.
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This article originally appeared on GOBankingRates.com: 4 Car Models That Will Have Massive Price Drops in October 2024