Parker's Names The Date - March 23rd Is The Best Day To Buy A Car This Year

    PETERBOROUGH, ENGLAND, March 14, 2009 /24-7PressRelease/ -- It's official - March 23rd is the best day to buy a car this year.

• Price cuts, stock availability and bonus-chasing car dealers make March 23rd the ideal day to do a deal
• Unprecedented number of offers on new cars
• Used and new car prices set to rise from this summer

Britain's leading car buying advice website www.parkers.co.uk has named March 23rd as the best day to buy a car in 2009.

Anyone buying in March stands to make substantial savings on what they would have spent this time last year, but Parker's has singled out March 23. It's the day dealers are likely to be offering the best discounts to meet monthly sales targets, there'll be the widest available selection of used cars part-exchanged for new 09-plate models, and it's likely to be the last month for such a spread of new car deals.

Parker's has calculated that this will be the best day to buy in what is likely to be the strongest month for car buying (used and new) in many years.

Although there are some great deals on offer now, Parker's has learnt there could be even bigger discounts towards the end of the month. One online broker is trying to put together a three-for-one offer.

These deals are predicted to peak from March 23rd, and will become increasingly scarce through the year, as existing stocks of new cars currently stored at airfields and ports across the country are run down.

Production cuts will bring supply more into line with demand by the end of the year. Prices will rise once this has happened, as manufacturers also face increased import costs with the falling value of the pound. An increase in VAT of at least 2.5 per cent is also planned at the end of the year, and all of these factors will drive car prices up.

This March will also be the last opportunity for buyers to pick up a bargain soft-top. Prices will start to rise when the clocks go forward on 28th March, and the weather gets warmer.

Parker's advise that the only buyers that should wait are those who own older cars. This is because the Government is on the verge of announcing a "cash-for-scrap" scheme that would see a substantial sum paid to owners of older cars, as a contribution towards a new model.

Kieren Puffett, editor of Parker's, said: "The car market is unlikely to see another March like this - there are thousands of bargains out there. But there are signs this won't last forever. The used market is picking up, stocks of cars will soon be run down and some car manufacturers will raise their prices by the end of the year. We reckon there won't be a better car buying day than March 23rd."

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