“Black Friday typically ushers in the time of year when dealers are most likely to offer used car deals, which aligns with the height of the new vehicle buying season,” said iSeeCars.com Executive Analyst Karl Brauer. “While the used car market is currently seeing lower than normal inventory and higher than normal prices, there are still deals to be had this Black Friday.”
Used car deals are currently offered at a 5.5% discount on average or savings of $1,221.
|Best Black Friday Used Car Deals - iSeeCars Study|
|Rank||Vehicle||% Savings||$ Savings|
|1||Chevrolet Bolt EV||10.1%||$1,901|
|9||Dodge Grand Caravan||6.6%||$1,079|
Five additional small vehicles make the list including the second-ranked Nissan Versa subcompact car, the fourth-ranked Kia Forte compact car, the fifth-ranked Nissan Senta compact car, the seventh-ranked Kia Soul subcompact wagon, and the eighth-ranked Toyota Corolla. “Thanks to the growth of the affordable subcompact SUV segment, there has been a lowered demand for small sedans,” said Brauer. “Additionally, these cars attract budget-conscious consumers, which helps keep their prices low.”
Two minivans make the list including the third-ranked Toyota Sienna and the ninth-ranked Dodge Grand Caravan. “The Toyota Sienna is a reliable minivan that stands out as the only used vehicle in the segment to offer all-wheel drive, and though the Dodge Grand Caravan has recently been discontinued it has enjoyed a long tenure as being an affordable family hauler,” said Brauer.
The Nissan Altima midsize sedan rounds out the list in the tenth spot. “Despite sedans declining in popularity compared to SUVs, the Nissan Altima is still a strong seller thanks to its sleek appearance and driving dynamics,” said Brauer.
|Popular Used Vehicles with the Greatest Black Friday Savings|
|Rank||Popular Vehicle||% Savings||$ Savings|
|16||Chevrolet Silverado 1500||5.1%||$1,728|
|22||Jeep Grand Cherokee||4.4%||$1,226|
“While most of the vehicles on the overall list are vehicles that aren’t in high demand, savings can be found on popular vehicles as well,” said Brauer.
|Best Black Friday Used SUV Deals - iSeeCars|
|Rank||SUV||% Savings||$ Savings|
|4||Subaru XV Crosstrek||5.8%||$1,272|
|8||Nissan Rogue Sport||5.7%||$1,011|
Two Subarus make the list, including the third-ranked Forester midsize SUV and the fourth-ranked Crosstrek subcompact SUV. “Subarus are known for their brand loyalty thanks to their value and safety,” said Brauer.
Two models from Chevrolet also make the list, which include the ninth-ranked Trax subcompact SUV and the midsize Traverse. “The Chevrolet Trax is an affordable subcompact SUV with high safety scores, while the Traverse is one of the lowest-priced third-row SUVs available, making it a popular choice for a family vehicle.”
Two compact SUVs round out the list to include the sixth-ranked Volkswagen Tiguan and the seventh-ranked Acura RDX. “The Volkswagen Tiguan is one of the more expensive vehicles in the compact SUV class, so it is likely discounted to compete with other vehicles in the segment,” said Brauer. “The Acura RDX is the only luxury vehicle to make the list, and has outstanding reliability and low ownership costs.”
|Black Friday Pickup Truck Deals - iSeeCars|
|Rank||Pickup Truck||% Savings||$ Savings|
|1||GMC Sierra 1500||6.2%||$2,513|
|3||Chevrolet Silverado 1500||5.1%||$1,728|
|Pickup Truck Average||5.1%||$1,734|
“The GMC Sierra 1500 is the more upscale version of the Chevrolet Silverado 1500, and used truck buyers looking for a work truck likely aren’t willing to pay a premium for its luxury features,” said Brauer. “The Ford F-150 is the best selling vehicle in the United States, so there is a high supply of them in the used car marketplace.”
“Despite higher than normal used car prices in the marketplace, deals can still be had on used cars this Black Friday,” said Brauer. “Shoppers who aren’t in a rush should take their time to find the best deal, as deals are likely to increase in the coming months.”
iSeeCars analyzed over 1.8 million used car sales listed for sale on November 19, 2020. The average percent discount (the difference between list price and fair market value) was mathematically modeled for each car listed below fair market value from the last five model years (2015 - 2019) and used to rank the Best Black Friday Car Deals. Low-volume cars, heavy-duty vehicles, and vehicles not in production as of the 2020 or 2021 model years were excluded from further analysis.
iSeeCars.com is a car search engine that helps shoppers find the best car deals by providing key insights and valuable resources, like the iSeeCars VIN check reports. iSeeCars.com has saved users over $265 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of cars.