Tuesday best day to buy a Car

Used Car History Check expert Cartell.ie reports today (12 June 2012) that Tuesday is the most popular day of the week to buy or sell a used car!

The result is based on analysis of daily transaction figures for used vehicles over the past 4 years. In terms of yearly breakdown consistently the most popular day of the year to buy a vehicle is the 1^st Tuesday in February. This is understandable considering that most new vehicles are sold in the first 3 months of the year due to the Irish registration system, which encourages people to buy their car early in the new year to get the most from their new 2012 plate.

The result of people buying new vehicles in the first part of the year is that, a lot tend to trade in their older used vehicles. These vehicles are then resold in the early part of the year. For example used car sales for Q1 2012 were 204,341 compared with Q4 2011 of 147,865.

The reason for the popularity of Tuesday is probably because people use Monday to catch up and plan their week and possibly to recover from the weekend. It may also be attributable to the requirement to visit the bank (perhaps on Monday) before completing the purchase (on Tuesday).

At the other end of the scale Saturdays are the worst days for vehicle transactions confirming the view in the trade that while large numbers of people view vehicles on Saturdays very few sales are actually concluded on that day. One reason may be the industry standard to transfer funds for purchases OR by bank draft instead of by cheque – most high street banks are not open on a Saturday.

Aside from Tuesday the only other day of the week to appear close to the top of sales charts is Wednesday – particularly the 1^st Wednesday in May.

Another result from the stats is that Tuesdays immediately after bank holidays are not particularly popular with figures resembling those for an average Monday.

Continues…

Jeff Aherne, Director of Cartell.ie says: “The 1^st Tuesday in February is the most popular day to buy or sell a car in Ireland. Furthermore if you take the top 10 days of the year for vehicle sales 9 of the top 10 are Tuesdays.”

ENDS

Notes for Editors

Sundays were excluded from the results as very few garages are open on that day

About Cartell.ie

Cartell.ie was set up in 2006 to help buyers make an informed choice when buying a used vehicle – including imported vehicles – by providing a user-friendly and cost-effective vehicle data checking service. Cartell.ie is a totally independent company and fully Irish owned.

For further information please contact John Byrne on 087 4199018 or at john@cartell.ie or check out www.cartell.ie for further information.