Do car prices drop when new plates come out?

As a rule of thumb, some of the best and most predictable discounts on new cars happen during, and just before, the two months of each year when a new registration plate is launched. For used cars, the golden periods are in the following months.

Do car prices drop when a new reg comes out?

“Each time a new registration plate is introduced, your car is considered older and loses some of its value. Selling ahead of the change is a simple way to maximise what you get for your vehicle.” Motorists can find out how much their car is worth by visiting Motorpoint's valuation tool.

What is the cheapest month to buy a car in the UK?

December is typically the cheapest month to buy a car as dealers will offer significant discounts and promotions for buyers so that they can meet their end-of-year sales targets.

When's the best time to buy a car?

The end of the calendar year — specifically October, November and December — is typically one of the best times for car shoppers to get deals on vehicles. Cars sold during this time usually come with higher discounts and incentives than those sold during other times of the year.

Are UK 2nd hand car prices dropping?

According to our research and after digging into all the facts, used car prices will keep falling until the end of 2024. This is happening because of a sudden fall in new car prices in the market, not only in the UK but globally. However, secondhand car prices might be consistent by the end of 2024.

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What time of year are used cars the cheapest?

"January is the height of used car values," Drury said. "We often see a dip in February, but then March and April tend to get a slight lift with tax season." As we've noted, used car inventory will be limited in 2025.

How much will dealers come down on a used car in the UK?

Is there a standard discount percentage for used cars? There isn't a fixed "standard" discount for used cars. It's common to start negotiations at about 10-15% below the asking price. This gives you room to maneuver and allows the dealer to counteroffer​​.

What is the cheapest month to buy a new car?

FAQs. Is December a good time to buy a car? Yes. According to Edmunds transaction data, December has traditionally had the highest discounts from the manufacturer's suggested retail price (MSRP) for both new and used cars.

What is the slowest month for car dealerships?

November and December: These are the slowest months for car sales. Dealerships are trying to clear out older models to make room for new ones, so you're more likely to find a great deal.

Which month do car prices drop?

You might find that prices are lowered for a short time at the end of each quarter (the last weeks of March, June, September and December) - particularly at the end of the year in December.

Should you haggle when buying a car?

You should always haggle when buying a car to make sure you're getting the best price. Dealers will be expecting it, and are usually prepared to drop the price or add extras to your deal.

Will second-hand car prices drop in 2025?

While the used car market may not offer the deep discounts that some buyers hope for, the stability of prices in 2025 reflects a strong, resilient market. With the right research and a flexible approach, you can still find excellent value without sacrificing quality.

What age car is best to buy?

When shopping, is there a best age for purchasing a used car? Cars are usually reliable for up to five years if they've been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn't been cared for as well. Budget is also a major factor.

What are the new plates 2025?

When will the 2025 car registration plates be released? The Driver and Vehicle Licensing Agency (DVLA) released the '25' car registration on the 1st March 2025. The '75' registration will be launched on 1 September 2025.

Why are pre-reg cars cheaper?

They're significantly cheaper

Even though a pre-registered car will typically have no more than delivery mileage, they're still used cars. This means the immediate depreciation is taken on by the dealer, passing on a significant cost saving to you.

Is it worth waiting for new car registration?

That said, don't get too hung up about waiting for the new registration – it's not as important as it used to be, when plates were changed once a year. If you're buying a pre-registered car, don't be fobbed off.

What is the best time to get a good deal on a car?

December: December is arguably the best month to buy a car. Dealerships are trying to hit their year-end sales quotas, and salespeople are often more motivated to offer better deals to meet these targets. The closer you get to the end of the month, the better the deals tend to be.

Which is the best month to buy a car for discount?

March | Trend - Financial Year-end Offers

With the financial year coming to a close in March, there is a huge opportunity for car buyers to score some great deals. It is a strategic time for car manufacturers and dealerships to clear their inventory and meet their annual sales targets.

What is the best month to get a good deal on a car?

Dealers and their salespeople spend the month of December sprinting toward the finish line of their month-, quarter-, and year-end sales goals. That makes the end of the year some of the best days to buy a new car.

What is the best day of the week to buy a car?

As for which day of the week to go in, "Monday is usually the best day of the week to buy a car" since "showrooms will be the least busy," said MarketWatch. However, Tuesday or Wednesday can also be a good bet, especially in areas where dealerships aren't open on Sundays, said Edmunds.

When buying a new car, what month has the highest discount?

Best month - December has consistently scored high on both frequency and size of discounts, making it the best month of the year to buy a car. Holidays - Holidays are also good times to land a deal. You can score big with Black Friday deals , Christmas, or New Year's Eve.

How to haggle with a new car dealer?

How much profit do car dealers make on new cars in the UK?

The reality is car dealers make an average of around seven per cent on new cars. Dealer group bosses we spoke to said gross profit on new cars ranged between five and seven per cent. The used car market is a lot stronger with profit margins for dealers around 12 to 15 per cent.

Are second-hand cars overpriced?

Currently, some second-hand cars are now more expensive than their new counterparts. This interesting phenomenon is due to the supply and demand of used cars in the UK. Many people are now turning to second-hand cars since they tend to be more affordable than buying a new car from a dealership.

What is a good mileage for a used car?

As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that's 5 years old is 60,000.