When Does The “New Model Year” Effect The Prices of Used Cars ?

roland_reardon: When Does The “New Model Year” Effect The Prices of Used Cars ?
The automotive model year officially changes like on 10-1 or thereabouts, if I recall correctly.

However, prior to that, info about the new models is available.

At some time during the year, the price of all cars (with certain exceptions) drops a notch – demand for the ‘expiring’ year drops off as people will wait a little while for the new one. That trickles down and at that point, every prior model year drops down a notch.

That effect is wayyy big if there is a significant change in the new model.

So, the question is:

When does this dropping-a-notch in price happen – practically speaking ?

BTW – I am not going to buy a new car – so i don’t need any info on the strategies involved w them.

For cars/trucks that are a few years old, when will their resale value take some amount of a hit due to the impending release of the new model ?

Answers and Views:

Answer by mrs d
Not really sure but i think this web site might can help. www.kellybluebook.com Hope it helps.

Answer by pixiechick
Many cars start getting majorly marked down in late June/early July. I would suspect that the best deals (if the buyer isn’t partial to any color/specs) are to be had in August, since dealerships need to clear out for new inventory.

Answer by blackbutton100
ABOUT/9MONTHS