- The automotive research firm iSeeCars.com has compiled a list of 10 cars that are the most discounted on Black Friday.
- One luxury car and one pickup truck made the list: the Porsche Macan and Nissan Titan, respectively.
- The list is topped by the Toyota Sequoia with a savings of 10.38%, which is approximately $2,879.
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The automotive research firm iSeeCars.com has compiled a list of 10 cars that are the most discounted on Black Friday.
The firm found that there are 33.1% more used car deals on the post-turkey Friday than average. And in general, the month of November has the most car discounts and sales.
“Black Friday aligns with the height of new vehicle buying season, when customers are able to take advantage of financing offers, rebates, and lease deals,” iSeeCars CEO Phong Ly said in a statement. “As a result, there is a high inventory of trade-ins that car dealers want to move off the lot.”
iSeeCars analyzed over 41,000 cars sold on Black Friday last year to see which cars had the best deals.
“While many are aware of the widespread sales offered on this day, consumers might not realize it extends to used cars as well,” Ly said.
Two Toyotas made the list: the Toyota Sequoia and Toyota Sienna in first and fourth place, respectively. Ly claims this is because the automaker is known for making durable cars, and the family vehicle-oriented Sequoia and Sienna are both “attractive options” because of their sufficient space and cargo room.
Meanwhile, three of the cars on the list will be discontinued after this year: the Volkswagen Beetle, Fiat 500, and Ford Fiesta.
The average used car savings is 6.1% on Black Friday. The 10 cars on this list have at least a savings of 8.12% up to 10.38%.
10. Honda Civic (Coupe): 8.12%
Ly claims the Honda Civic is at the top of the compact car class because of its reliability and sportiness.
9. Nissan Titan: 8.25%
Although the full-size Nissan Titan isn’t the most popular pickup truck, it is “capable and durable,” Ly says.
8. Chevrolet Corvette: 8.29%
- Chevrolet Media
“The Chevrolet Corvette is an American icon, and Black Friday deals can help enthusiasts realize their dreams of owning this classic car,” Ly said.
7. Honda HR-V: 8.33%
“The Honda HR-V is a reliable, fuel-efficient subcompact SUV that offers the best of both worlds with the cargo space of an SUV and the fuel-efficiency of a smaller vehicle,” Ly said.
6. Ford Fiesta: 8.58%
5. Fiat 500: 8.64%
4. Toyota Sienna: 9.14%
The 9.14% amounts of savings of about $2,182, according to the study.
3. Volkswagen Beetle: 9.17%
2. Porsche Macan: 10.26%
The Porsche is the only luxury car on the list. Like most luxury cars, the Macan is commonly leased, according to Ly.
“Off-lease versions of the car are relatively common in the used car marketplace, so it’s likely deeply discounted off its new car price to attract used car buyers and compete with other cars in the segment,” Ly said.
1. Toyota Sequoia: 10.38%
The 10.4% saving is equivalent to about $2,879, according to the study.