Is the car purchase discount bigger before or after the Chinese New Year?
2 Answers
Generally, the discounts for car purchases are larger before the Chinese New Year, so it is recommended to buy a car before the New Year. Here are the specific explanations for buying a car before the New Year: 1. Reason: As the end of the year approaches, car dealers will launch various promotions, hoping to add the finishing touch to their good performance at the end of the year. Although price reductions from dealers will come one after another, car sales have entered an era of small profits, and large-scale price reductions will not occur. 2. Trend: The discounts for buying a car at the end of the year will not differ much before and after the New Year, but usually, at the beginning of the new year, new car models will emerge one after another in the market, providing more choices. The prices of older car models will also enter a downward trend, but the range is usually not significant. Here is additional information: Car purchase considerations: Pay attention to checking the smoothness of the body steel plates and bumpers, and there should be no abnormal dents or protrusions. Also, carefully inspect the paintwork everywhere, especially in areas that are prone to scratches during transportation. The surface color of the car should be coordinated, uniform, full, flat, and smooth, without pinholes, pitting, wrinkles, bubbles, streaks, or scratches.
In our dealership, the discounts before the Chinese New Year are indeed substantial. This is because dealers aim to boost their annual sales to qualify for manufacturer rebates, leading to a surge in promotional activities like cash discounts, interest-free loans, and maintenance packages. However, be aware that vehicle inventory tends to be tight at year-end, and popular models may require waiting for delivery. If you want to get your car before the New Year, it's advisable to make your purchase by mid-December. By the end of the month, discounts may shrink slightly as sales targets are mostly met. After the Spring Festival, around March during the off-season, some dealerships may run promotions again, but overall, the discounts won't be as aggressive as before the New Year.
