“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” said Phong Ly, CEO of iSeeCars. “As a result, there is a high inventory of trade-ins that car dealers want to move off the lot.”
For used car shoppers who want to take advantage of the used car deals Black Friday has to offer, iSeeCars analyzed over 41 thousand cars sold on Black Friday, 2018, to determine which cars offer the greatest Black Friday deals.
“Black Friday is a major retail holiday and is considered to be the start of the holiday season,” said Ly. “While many are aware of the widespread sales offered on this day, consumers might not realize it extends to used cars as well.”
|Best Black Friday Used Car Deals - iSeeCars|
|10||Honda Civic (Coupe)||8.1%|
The second-ranked Porsche Macan compact SUV is the only luxury car to make the list, which offers an average of 10.3 percent savings. “The Porsche Macan is among the most expensive vehicles in its class, and it’s commonly leased like most luxury cars,” said 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.”
Three discontinued small cars make the list: the third-ranked Volkswagen Beetle, the fifth-ranked Fiat 500, and the sixth-ranked Ford Fiesta. “These vehicles were discontinued after the 2019 model year as the market continues to shift towards SUVs and crossovers,” said Ly. “Consumers interested in owning the iconic Volkswagen Beetle or who would like a subcompact city car can take advantage of these deals before late model versions of these cars disappear from the used car marketplace.”
Two Hondas make the list including the seventh-ranked HR-V and the tenth-ranked Honda Civic coupe. “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,” said Ly. “The Honda Civic consistently ranks at the top of its compact car class and is a reliable option for those who want a reliable and sporty small car.”
Ranked eighth is the Chevrolet Corvette sports car, which offers an average 8.3 percent discount amounting to $3,146. “The Chevrolet Corvette is an American icon, and Black Friday deals can help enthusiasts realize their dreams of owning this classic car,” said Ly.
Rounding out the list is the ninth-ranked Nissan Titan pickup truck. “Although it is not as popular as its rivals, the full-size Nissan Titan is a capable and durable pickup,” said Ly.
|Best Black Friday SUV Deals - iSeeCars|
Two additional compact SUVs join the Porsche Macan including the fourth-ranked Volkswagen Tiguan and the eighth-ranked Jeep Compass. “The Volkswagen Tiguan is praised for its reliability and ample cargo room, and those looking to buy a used version on Black Friday can save over $1,200,” noted Ly. “Meanwhile, the Jeep Compass lags in reliability ratings, but has off-road prowess for adventure seekers in the market for a small SUV.”
The full-size Ford Expedition rounds out the list in the seventh spot. “With an average used car price of $27,458, shoppers who take advantage of Black Friday used car deals can save nearly $2,000,” said Ly. “The spacious full-size Expedition is a popular family hauler and is among the most affordable vehicles in its class, with Black Friday deals further lowering the cost.”
|Black Friday Pickup Truck Deals - iSeeCars|
|Rank||Pickup Truck||% Savings|
|Pickup Truck Average||6.1%|
“The Nissan Titan is among the least popular pickup trucks, while the Ford F-150 and the Toyota Tacoma are the most popular,” said Ly. “The lower demand for the Nissan Titan could bring steep discounts, while a high supply of the Ford F-150 and the Toyota Tacoma in the used car marketplace likely brings discounts on these models across dealerships.”
|Black Friday Sports Car Deals - iSeeCars|
|Rank||Sports Car||% Savings|
|Sports Car Average||6.6%|
“Two of the sports cars that are most discounted on Black Friday are American classics, the Chevrolet Corvette and the Ford Mustang, while the Maserati Ghibli is an Italian luxury sports sedan,” said Ly. “For people who have dreamed of owning a sports car, buying one on Black Friday could bring them a significant deal.”
“As the day that provides the most used car deals, Black Friday is a smart time to visit car dealerships to buy a used car,” said Ly. “Regardless of what kind of used vehicle you are looking for, you are likely to be able to find a great deal.”
iSeeCars analyzed over 41,000 used car sales listed below fair market value from Black Friday 2018 (November 23, 2018). The average percent discount (the difference between list price and fair market value) was mathematically modeled for each car from the last five model years (2013 - 2017) and used to rank the Best Black Friday Car Deals. Low-volume cars, heavy-duty vehicles, and vehicles not in production as of the 2019 or 2020 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 $200 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.