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Black Friday is almost here, and 2024’s car sales are no joke. From 0% APRs to massive cash incentives, there are plenty of deals worth the test drive. While many promotions will extend into December, a handful of standout offers are set to expire next week. Here are the seven best Black Friday car deals ending soon.
Black Friday Deal: 0% APR for 72 months plus $5,000 cash back
For a limited time, buyers and lessees of the 2024 Mustang Mach-E qualify for a complimentary Ford Charge Station Pro home charger with free installation. See offer details from Ford.
Will Black Friday Deals Give Way to Better End-of-Year Offers?
Black Friday car deals in 2024 are as competitive as ever, but some of the best offers will vanish by December. We’ve gathered the best car deals in one spot, and it’s encouraging to see so many savings piling up. Whether you’re looking to take advantage of zero-percent APR financing, cash incentives, or added perks like home EV chargers, the clock is ticking on these limited-time offers.
If you’re not ready to commit, remember that December brings year-end car sales. Will end-of-year car deals be even better than November incentives? It’s possible. But if you’re seeing a deal you’re excited about for a car you want, why wait? If OEMs shuffle their incentives next month, you could be left with regrets.
Stay tuned to CarEdge Deals for the latest updates, expert insights, and tools to help you negotiate the best deal on your next car purchase. Don’t let these savings pass you by!
Black Friday is known for new car deals, but can it deliver savings on used cars? Although new car incentives like zero percent financing abound, more than half of buyers are expected to buy a used vehicle this holiday season. So, is it possible to score a great deal on a used car this Black Friday? Let’s take a closer look at the used car market.
First Things First: New Versus Used
Before committing to a used car purchase, it’s worth considering today’s best new car offers. While sticker prices are undeniably higher for new cars, the abundance of 0% APR financing, generous cash discounts, and affordable lease options can make buying new a better deal over time. However, it depends on a number of factors.
For example, financing a $30,000 used car at 10% APR for 72 months will cost more in total interest payments than financing a brand-new $40,000 car at 0% APR for the same term. The key is to carefully evaluate your financing options and long-term costs.
However, if you’re shopping for a vehicle under $20,000, the used car market is where you’ll find the most options.
To determine whether new or used is the right fit for you, here are some questions to guide your decision:
What’s your credit score? The auto loan rate you qualify for will have a significant impact on the total cost of your purchase. The average auto loan rate for used cars is about 9% APR in 2024. For new cars, buyers with great credit can qualify for low-APR offers, saving thousands of dollars over your loan term.
Do you have savings for unexpected repairs? Used cars outside of warranty can bring unexpected maintenance costs, so it’s important to be financially prepared. Compare Total Cost of Ownership [Free Tool]
How long do you keep your vehicles? If you like to upgrade every few years, buying gently used can help you avoid the steepest depreciation.
How will your car insurance rates change? Newer cars often come with higher insurance premiums, which can add to the cost of ownership.
By weighing your options carefully and factoring in financing, depreciation, and maintenance costs, you can make an informed choice that best fits your budget and lifestyle. Still set on finding a Black Friday used car deal? Let’s get into the details of what to expect.
How the Today’s Market Affects Black Friday Used Car Deals
Used cars are not cheap, and it’s been that way for quite some time. In 2024, the average used car selling price is holding steady at $26,000. We track used car prices weekly here. That’s down slightly from last year but still high compared to historical norms. It’s shockingly difficult to find a decent used car with under 100,000 miles for under $20,000. High mileage cars come with additional risk. Remember, always get a pre-purchase inspection before buying a used car.
Furthermore, auto maintenance costs are rising. Considering that used cars are more likely to require repairs in the near term, drivers have plenty of reasons to balk at today’s used car market. For these reasons and more, many car buyers are gravitating toward new cars this year, drawn by better financing offers and manufacturer incentives.
That can actually play to the advantage of drivers determined to buy a used car. As more buyers gravitate towards new car deals, the demand for used cars weakens. In classic supply and demand fashion, this could translate to potential savings for Black Friday used car buyers.
Used Car Specials to Look for This Black Friday
While Black Friday is known for new car promotions, you can still find discounts on used cars at your local dealerships. It will just take a bit more effort to find them. Here’s what to look out for:
CPO Financing Specials: Certified pre-owned (CPO) vehicles often qualify for special financing rates, especially at franchise dealerships. You’re less likely to find these specials at the ‘buy here pay here’ types of small dealerships known for high APRs.
Dealer-Driven Discounts: Some dealerships may offer big discounts on used car sticker prices on high-mileage or less popular used models to clear out older inventory.
Trade-In Bonuses: Many dealers use Black Friday as an opportunity to boost trade-in offers, making it a great time to upgrade to a newer vehicle.
No matter what, always negotiate the out-the-door price. It’s the only way to avoid unpleasant surprises!
How to Find the Best Black Friday Used Car Deals
To snag the best Black Friday used car deals, focus on models that are 2-4 years old. These vehicles often strike the perfect balance between price, reliability, and manageable depreciation. Before heading to the dealership, use tools like CarEdge Insights to research local market prices, negotiability, and local inventory. A little prep work can make all the difference when it comes to negotiation.
Start your search early, as the best Black Friday deals often move fast. Check listings ahead of time on CarEdge Car Search and visit dealerships before the weekend rush. It doesn’t hurt to take a test drive, as long as you stick to your plan. While many sales events advertise discounts, negotiation is still key to drive home the most savings. If you don’t find the perfect deal on Black Friday, don’t worry. December’s year-end car sales often bring even greater savings opportunities.
Just one month away from stepping into 2025, there are nearly 50,000 new 2023 models still sitting on dealer lots in the United States. Even more surprising? Nearly 5,000 new 2022s are also on sale. How is this possible?
If you’ve shopped for a car in the past year, you’ve likely noticed sky-high MSRPs, steep interest rates, and dealer markups. As consumers pushed back, manufacturers and dealerships were left holding the bag—literally thousands of leftover vehicles. For those on the hunt for year-end car deals, this surplus represents a golden opportunity to negotiate big savings. Here’s where you’ll find the most negotiable cars, SUVs, and trucks in November and December of 2024.
How Much Can You Negotiate On 2023 Models?
How much should you expect to negotiate off a new 2023 model car in late 2024? Aim for at least 20% off MSRP. Anything less simply doesn’t justify the hit you’ll take on depreciation.
Remember, these vehicles have already lost significant value as time has passed, and once January 2025 rolls around, they’ll officially be two years old in the eyes of buyers. To minimize the risk of negative equity, only consider the deal worthwhile if you’re getting serious savings. Try our free car depreciation calculator to run the numbers.
Now, let’s take a look at the most negotiable cars and trucks today.
New 2023s For Sale: 478 cars (21% of all inventory)
Looking for an upscale SUV that’s highly negotiable? Any of the nearly 500 remaining 2023 Jeep Grand Wagoneers are your best bet. One out of five Grand Wagoneers for sale is nearly two years old.
Jeep parent company Stellantis is having to lower prices due to the lack of demand for their $100,000+ three-row SUV. Right now, the average selling price for a Grand Wagoneer is $102,500.
New 2023s For Sale: 625 cars (15% of all inventory)
After sprinting to success in 2021 and 2022, Volkswagen’s first EV in the North American market has fallen behind competitors with fast charging speeds and longer range. If you’re a fan of the ID.4’s aerodynamic design and European looks, you can negotiate with leverage on any of the 600+ new 2023 ID.4s still awaiting a buyer to drive them home.
New 2023s For Sale: 579 cars (4% of all inventory)
Known as a police cruiser, sporty SUV, and family hauler, the Durango is one of the brand’s better performers when it comes to sales. Still, there are over 500 2023s still for sale in the U.S. The Durango gets poor gas mileage, but most buyers value performance over efficiency. A replacement for the Durango is expected to be announced sometime in 2025, meaning that the Durango’s days are numbered.
New 2023s For Sale: 1,009 cars (3% of all inventory)
In late 2024, there’s a two-month supply of Grand Cherokees on the market. At that selling rate, it looks like some of the 2023 models will make it to see 2025. The average selling price for a new Jeep Grand Cherokee sits at $49,462. For those ready to negotiate serious savings, remaining 2023 models present your best opportunity.
The Ford F-150 remains America’s best-selling truck, but high supply levels mean buyers have more leverage than usual. There are a few thousands leftover 2023 models still on dealership lots. The longer a truck has been sitting on the lot, the more negotiating power buyers will have. Unlock this data and a whole lot more with CarEdge Insights.
Built for power, the Super Duty lineup is a top pick for heavy-duty truck shoppers. However, Ford’s surplus inventory means these workhorses are ripe for negotiation.
Most Ram 1500s on dealership lots are already 2025 models, but a large number of 2023s are still lingering. Truck deal season is here, and Ram parent company Stellantis is motivated to sell. With nearly 900 new 2023s for sale, Ram is likely to offer competitive MSRP discounts and financing incentives to clear inventory. Check out the best Ram offers today.
Need more power for towing and payload? The heavy-duty Ram 2500 is built for serious work. With a high supply of 2023s and 2024s lingering on lots, now’s the time to negotiate a deal on a Ram truck. Negotiate with leverage using local market data.
In 2023, GM sold half a million Silverados in the United States. Chevy’s popular full-size pickup is one of the most capable trucks in the segment. It’s not cheap, with the average selling price of $55,150 reflecting thousands of fleet sales. Most buyers pay significantly more. However, with 1,000 units of the 2023 Silverado still for sale, there’s room for negotiation if you know where to look.
New 2023s For Sale: 3,245 cars (100% of inventory)
Muscle car purists lamented the end of the line for the Charger. However, there’s good news for those wanting one – you have plenty of leftover 2023 Chargers even in late 2024. The electric Dodge Charger Daytona is en route to U.S. dealerships, but has little in common with the outgoing model.
New 2023s For Sale: 2,517 cars (100% of inventory)
Looking for something even more old school than a Charger, Mustang, or Camaro? The Dodge Challenger was the perfect fit. One year after production ceased, there are still about 2,500 new Challengers for sale in America.
Chrysler ended production of the 300 sedan in late 2023. One year later, there are over 800 new Chrysler sedans still on the market. Even today, most buyers aren’t negotiating big savings. As of last month, the average selling price for a new Chrysler 300 was $40,300.
If you’re in the market for a car deal so good that it’s worth bragging rights, surplus inventory of 2023 models is your best bet. From SUVs like the Jeep Grand Wagoneer to muscle cars like the Dodge Charger, there are plenty of vehicles ripe for negotiation. Remember, aim for at least 20% off MSRP. Negotiate with confidence using your Insights toolkit.
With 2025 just around the corner, dealers are motivated to clear out old inventory, so now’s the time to act. Stay tuned to CarEdge for more insights and strategies to help you save on your next vehicle.
As EV sales level off, automakers are responding with big price cuts for 2025. The average price of a new electric vehicle is still higher than the typical gas-powered car, but the good news is that several popular EVs are getting cheaper in 2025. It’s clear that manufacturers are aiming to attract new buyers by addressing the cost barrier. However, buyers should be aware that the federal EV tax credit may end soon with the new administration. Here’s a look at five EVs with falling prices for the 2025 model year, and why now might be the time to take advantage of existing incentives.
EV Growth Has Stalled, Sending Prices Lower
A decade after Tesla launched the first electric vehicle for the masses, the Model S, EVs have stalled out at about 9% of new car sales in America. Despite misleading headlines, EV sales aren’t slowing. However, the pace of EV sales growth has indeed slowed over the past year. Drivers cite sparse and unreliable charging networks, range limitations, and high prices as reasons for sticking to gas. It’s that last pain point that we’re focusing on here.
The average selling price for a new electric vehicle is $56,351, or 16% higher than the overall U.S. market average in 2024. See the latest EV price update here. Obviously, high prices have something to do with stalling sales. Early adopters have come and gone, and now more budget-minded drivers are the ones left. But there’s great news for EV shoppers in 2025: MSRPS are falling for several popular models.
Here’s a look at the EVs with falling prices for the 2025 model year, and why time may be running out to take advantage of the federal tax credit.
Electric trucks have not taken off like automakers had hoped. After spending billions of dollars on engineering and retooling production plants in North America, the Silverado EV hardly made a splash when U.S. sales begin in early 2024. Taking note of this troubling trend, General Motors is slashing prices for 2025, and offering a larger variety of trim options. Although the base Silverado Work Truck starts at $57,095, the best comparison is always apples-to-apples. For that, we look to the Silverado EV RST, which sees a $7,100 price cut for the 2025 model. It now starts at $89,395.
Audi was one of the first legacy automakers to get into the EV market towards the end of the last decade. However, rivals like BMW and Mercedes-Benz have brought EVs to market with faster charging and longer range. This has been to the detriment of Audi’s EV lineup. With slowing sales, Volkswagen Group has slashed MSRPs for the most popular Q4 e-tron trims by up to $6,200 for 2025. The base model hardly changes, but the mid-spec options are a lot cheaper for 2025. The 2025 Audi Q4 e-tron Premium Plus 55 will start at $53,600 before destination charges.
The Cadillac Lyriq has been a big winner for GM since its debut for the 2023 model year. Cadillac sold 20,000 copies of the luxury EV in the first three quarters of 2024, more than double 2023’s numbers. Seeing that most early adopters have already purchased, GM is looking to lure in a new wave of buyers with a $4,095 price cut for the 2025 Lyriq Sport and Lyriq Luxury. Cadillac has done away with the Tech base trim moving forward.
The Ford Mustang Mach-E is consistently in the top 5 best-selling EVs in America. So far in 2024, Ford has sold 45,000 MMEs in America. Fully aware that they’ll have to lower prices to keep up the sales momentum, Ford is slashing the starting price for the 2025 Mustang Mach-E by $3,500. For the new model year, the Mustang Mach-E Select will start at $36,495 before destination charges.
Chevrolet’s first electric SUV was off to a bumpy start with a software-related recall and sluggish sales to start 2024. However, steep discounts came to the rescue, ultimately lifting the Blazer EV to a top-10 seller among EVs in the U.S. To up the ante, they’ve announced a lower MSRP for the 2025 Blazer EV. With a $4,200 price drop, the 2025 Chevrolet Blazer EV starts at $44,600 for the rear-wheel drive LT trim.
In a move that could drastically impact the U.S. electric vehicle market, Reuters reports that President-elect Donald Trump’s transition team is planning to eliminate the $7,500 federal tax credit for EV purchases as part of broader tax reform efforts. This development, if enacted, would deal a significant blow to the already slowing adoption of EVs in the United States.
Tesla, the nation’s largest EV manufacturer, is said to have expressed support for ending the subsidy. However, not all industry stakeholders agree. The Alliance for Automotive Innovation has urged Congress to retain the credit, calling it “critical to cementing the U.S. as a global leader” in automotive innovation.
Drivers considering an EV purchase may want to accelerate their plans. With the fate of the federal tax credit uncertain, now may be the last opportunity to take advantage of up to $7,500 in savings before this critical incentive disappears. See the official list of qualifying electric vehicles at fueleconomy.gov.
Get a Deal Before They’re Gone
With these price cuts for 2025, it’s clear that automakers are eager to make EVs more accessible to the average buyer. The early adopters have already come and gone, and now the success of EV sales depends on the rest of the market.
However, the potential loss of federal tax credits for some models could offset those savings. As the market for electric vehicles grows increasingly competitive, consumers will have more options, but timing is key to getting the best value.
In a bid to streamline operations and adapt to rapidly changing market conditions, General Motors has announced the termination of approximately 1,000 employees, primarily in the United States. These layoffs, which follow a series of cost-cutting measures throughout 2024, are part of GM’s broader strategy to address stagnant sales, costly EV investments, and shifting business priorities. Here’s a closer look at the latest cuts and what they signal about GM’s future.
Cost-Cutting Measures Follow Big Expenditures
On November 15, 2024, GM notified affected employees via email, marking the automaker’s second round of layoffs this year. While the cuts represent less than 1% of GM’s global workforce, they highlight the company’s ongoing efforts to reduce fixed costs by $2 billion. A majority of the impacted positions were based at GM’s Global Technical Center in Warren, Michigan, and included both salaried and hourly employees.
This move follows the elimination of over 1,000 positions in GM’s software and services organization back in August. In both cases, GM cited the need to simplify operations and focus on top priorities to remain competitive. “In order to win in this competitive market, we need to optimize for speed and excellence,” a GM spokesperson said in a statement to CNBC.
Despite these efforts, GM faces mounting challenges. Slowing U.S. sales and business struggles in China have forced the automaker to reassess its “all-in” electrification strategy. While GM has made significant investments in EVs, including a recent $625 million partnership with Lithium Americas Corp and a $900 million retooling plan for its Lansing, Michigan plant, consumer adoption has not met expectations.
GM EV Sales: A Mixed Bag
GM’s ambitious push into electrification has yielded mixed results. Popular models like the Chevrolet Equinox EV and Blazer EV have performed well, but they’ve been unable to offset slower-than-expected sales for high-profile launches like the Chevrolet Silverado EV and electric GMC Hummer.
The automaker has been learning that beyond early adopters, drivers want affordable EVs. For example, after canceling the original Chevrolet Bolt EV in 2023, GM announced a revival for the Bolt in 2025. These shifts in strategy underscore the challenges GM faces in balancing its EV portfolio with market realities. It’s a challenge that GM isn’t facing alone. Ford, Toyota, Honda, and plenty of other legacy OEMs are also navigating changing tides.
What’s Next for GM?
Although GM’s recent layoffs are a small fraction of its global workforce, they signal a willingness to make changes as the company navigates a tough time for legacy automakers. With stagnant EV sales, rising production costs, and a challenging EV transition, GM’s ability to adapt will be crucial in the months ahead.
Stay tuned to CarEdge News for updates on GM’s evolving strategy and the latest car market insights.
States eligibile for below invoice pricing and 100% free delivery:
Alabama, Arkansas, Texas, Oklahoma, Florida, Georgia, Kentucky, Louisiana, Maryland, Delaware, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
What if I don’t live in these states? If you're outside these areas, don't worry! We're committed to making sure everyone can enjoy our deals. Although the delivery fee will not be waived, you can still purchase from CarEdge and either pay for shipping or coordinate pickup at a participating dealer.
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