What time of year do unsold SUVs typically go on clearance?
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    What time of year do unsold SUVs typically go on clearance?
    Updated:28/03/2024
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    1 Answers
    FireWatcher
    Updated:15/05/2024

    Unsold SUVs typically go on clearance during specific times of the year, influenced by seasonal changes and inventory turnover.

    Key Factors for Clearance Timing
    • End of Model Year: Manufacturers introduce new models in late summer to early fall, prompting dealers to clear out old inventory.
    • Seasonality: Demand for SUVs can dip in winter months, leading dealers to offer discounts.
    • Quarterly Sales Goals: Dealers may seek to meet sales targets at the end of each financial quarter, initiating clearance sales.
    Typical Months for SUV Clearance
    Month Reason for Clearance
    August New model year arrival
    September End of summer promotion
    December Holiday sales and new year inventory turnover
    Considerations for Buyers
    • Research Inventory: Check local dealership inventories for unsold SUVs.
    • Timing Purchases: Plan to buy during the clearance period for the best deals.
    • Negotiate: Use clearance sales as leverage for better pricing.
    Statistical Trends
    Year SUV Clearance Sales (%)
    2020 15%
    2021 18%
    2022 10%
    Mind Map of Clearance Timing
    • Clearance Timing
      • End of Model Year
        • Model Release Schedule
        • Incentives Offered
      • Economic Factors
        • Consumer Demand
        • Interest Rates
      • Dealership Strategies
        • Quarterly Goals
        • Inventory Management
    Upvote:884