These Are The Best Year-End New-Car Deals For 2022

Dan Smith

Traditionally, the best time to go shopping for a new car is New Year's Eve and the days leading up to it. Dealers tend to bargain with shoppers to meet year-end quotas and clear last year's model inventory before it's as stale as a week-old loaf of bread. Deals may not be as rich as they have been in the last few years heading into 2023 as supply chain issues linger, but it could be a good time for bargain hunters to get out and kick some tires. There are still signs that there is. For starters, reports show dealer lots are filling up again with cars, trucks and SUVs after a prolonged drought. Cox Automotive reports that the average dealer has 53 days of vehicle inventory at the end of November, up from a low of 7 days this year. A 60-day inventory is generally considered ideal. While this is still low compared to the pre-pandemic period when the average time to sale reached 83 days, it should be considered good news for new car buyers. According to Cos Automotive, Buick, Jeep, Infiniti, Dodge, Ram, Jaguar, Volvo and Lincoln dealerships have the most models available and tend to cut prices to lower prices. Toyota, Kia, Honda, Subaru, Volkswagen, Hyundai, as well as Lexus, Land Rover, BMW and Acura stores continue to run out of stock. In that case, some of the best-selling vehicles in the lowest supply could sustain trading prices above MSRP. On the plus side, we see automaker incentives heating up again this month for both 2022 and 2023 models. Rebates of $500 to $1,000 and loan deals of 3.9 to 5.9 percent are the most common, but some offers are still particularly generous. As an example, a 2022 Ram 1500 pickup truck is offered $6,500 cashback and his 1.9% loan for 36 months, with payments 90 days late.