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Are the Holidays a Good Time to Sell Your Car

Are the Holidays a Good Time to Sell Your Car

When it comes to selling your car, timing is everything. Get the timing right and you can connect with a buyer sooner, while also maximizing your resale value. Get the timing wrong and you may end up parting with your used car for less money than you might have hoped for.


So, what about the holidays? Does the final stretch of the calendar year make it a good time to sell, or does it make more sense to wait a while? The short answer: Historically, the holiday season has been a disadvantageous time to sell. However, there are a few key reasons why 2022 might be different.


Why the Holiday Season is (Usually) A Bad Time to Sell Your Car


Around the holiday season, brand new models tend to flood the market, enticing buyers with all new bells and whistles. This alone makes it a bit tougher to get eyes on your used car, but also consider that dealerships have to significantly mark down their older inventory to make room for the new models.


For all of these reasons, the holiday season is often a challenging time to sell your used car for a truly competitive price.


3 Reasons Why Holiday Season 2022 is Different


With that said, there are a few reasons why the 2022 holiday season might actually be a great time to sell. Here's what's different:


    1.) Many dealerships still have inventory issues. Due to snafus in the supply chain, a number of dealerships still have fairly limited inventories, meaning there is much less competition and much more room for your used vehicle to break through.

      2.) Inflation has kept new car prices high. New vehicle prices remain quite high thanks to the current inflationary environment, which means demand for used vehicles is more robust than ever.


      3.) Many buyers are looking toward tax refunds. With potential tax refund checks looming in early 2023, a lot of buyers are willing to take out advances or small loans to get a good deal on a used car now.


      These are just a few reasons why the current season may be well-suited for selling your car, unlike holiday seasons past.


      Sell Your Car or Truck Now with BestBid

      This may very well be the last year auto dealers will be dealing with low inventory, and with the Fed increasing interest rates, there is a fairly high chance of inflation going down a bit in the year to come. Altogether, appetites for used cars may be much less next year, which is why BestBid recommends that you sell your vehicle sooner rather than later. 

      BestBid is willing to do all the paperwork and buy your car from you, with same business day funding available. Get a free offer today.


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