A CAR buying expert have revealed that when buying a car, a better deal is more likely the longer a car sits on the lot.
When a car is slow to sell, it pushing dealerships to hustle and get the car off the lot - making it easier to catch a good deal.
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In order to make buyers more aware of the potential, Yahoo! Finance's Laura Bogart compiled a list of last year's slowest selling cars, to give people an idea on cars to consider when buying new.
"Certain models have a longer than expected 'days supply' — a term that describes the average inventory for a car by how long it remains on the lot before it’s purchased — which can incentivize dealerships to offer discounts," she wrote.
The first car she featured on her list was the Alfa Romeo Giulia, which has an average lot time of 99 days - leaving lots of room for a potentially killer deal.
"Averaging 99 days to sell, the Alfa Romeo Giulia might become one of 2024’s chicest bargains, with Alfa dealers hoping to get their inventories on the road," wrote Bogart.
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For those who want a more off-road oriented family hauler, the Jeep Grand Cherokee has an average days sell people of 129 days, making it a lot more likely to negotiate a good price, especially the 2023 model year.
BMW, the German luxury automaker we all know and love, reported that their midsized SUV, sits on the lots for an average 105 days, which could make a luxurious buyer more likely to capitalize on the makers' dealers to move it.
Surprisingly, even as more and people mourn gasoline engines as EVs slowly inch their way to becoming the standard, the Ford Mustang proved to be hard for people to sell.
For the V8-powered variants, the slowdown in selling is likely due to insufficient gas mileage, high insurance costs, and expensive gas prices.
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For those looking to buy into a seemingly dying category of vehicle types, one of America's first muscle cars might come at a bargain price, as it spends an average of 108 days on dealership lots.
If buyers are looking for a gas saver that's still fun to drive, they should look no further than the Mazda Miata MX-5.
It's small, it's not exactly fast, but it's nimble and exciting.
"The Mazda MX-5 Miata may be small, but it has an outsized sense of coolness," wrote Bogart.
"This chic, two-door sports car was underappreciated by buyers in 2023, spending about 107 days on the market — but their loss may be the gain of shoppers in 2024."
Jaguar, another luxury brand, failed to impress shoppers with the F-Type sedan that combines speed, luxury, and style.
With an average of 105 days before selling, the British luxury brand might sell buyers one at an incredible deal to make room for newer models.
Her list also included the GMC Terrain, Buick Envision, Audi A4 sedan, and Land Rover Discovery Sport - which nearly all took over 100 days to sell.
The Buick Envision was the quickest to sell out of all the vehicles at 82 days.
