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Memorial Weekend Auto Sales & The End Of The Month

Written By: Jerry Reynolds | May 25, 2023 11:00:00 AM

I am constantly asked when is the best time to buy?  I always say Memorial weekend and the last week of December.  With the pent-up demand in the marketplace, I suspect this weekend will be a great time to get a bargain.

I anticipate our dealers will be very busy with Memorial weekend AND the end of the month falling two days later.   

Inventory is improving every single day, and many of our dealers have full lots and more vehicles on the way. That means the odds are good you’ll be able to find your dream car instead of having to settle, as it has been for the past few years.

The used market is still very high, but I am seeing signs of the market dropping.  I believe we’ll see a big drop in the next few weeks.  The robust pricing cannot continue and I’ve said all along, this would happen when new car inventory became plentiful.

Interest rates remain extremely low for now, and the incentives are actually very good and likely to go up again for this weekend, through Wednesday night May 31st.

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