Why is that so?
Much like any merchandise you buy, there is a season when the price of a car is high and a point when the price is a little lower than usual. It is a common market trend, and if you are really into smart buying and saving money, then this is something that you need to keep in mind.
So, what is the prevailing market trend for cars?
For years, Hyundai Price Philippines has been selling their units at a much lower price at the end of the year or in December. That is because, most of the time, a new model or series of a certain model will be released in the first quarter of the following year, if not January. The dealers will make sure they sell most, if not all, of their remaining inventory before the launch of the upgraded model.
Similarly, it's the Christmas Season! Hence, most people will be shopping for cars if not for themselves, for their children, parents, or partner. This is also the time when people have a few pesos to spend due to bonuses and 13th month pays. That being said, most dealers will offer discounts and special promos in order to entice more customers, all the while the competition is too stiff.
What if you are opting for a Pre-owned Hyundai Elantra? Well, December is also a great time of the year to consider purchasing one. Most people, especially those who can afford, will usually change their vehicles at the end of the year for some reasons.
Thus, you would find a lot of available units, and most of the time, they are affordable because of, again, tight competition in the market. Additionally, some sellers would want to sell their units fast since they need the money ASAP.
But what if you already need a car and December isn't near enough?
Prior to or during the rainy season is also one of the best times of the year to purchase one. However, this might only apply for brand-new cars, so if you plan to buy a Second-hand Hyundai car for sale, there is no assurance that you'll find one at a bargain price.
The reason dealers have rainy day promos and discounts is the opposite of the reason for December. The rainy season is the time when most Filipinos are in a tight budget to make sure they have some cash for emergencies. Meaning, there is a low demand for cars, and unlike other products, jacking up the price of Elantra in Philippines will further cripple down their sales.
Here's our final say…
Definitely, when you plan on buying brand-new units, you need to wait for the usual promos and sales of the dealers around your town, city, or province in order for you to save money. When it comes to second-hand units though, we here at Philkotse.com have a listing of available units all-year round at different price ranges that you can check out and consider.
With all that said, we hope you get a great car deal the soonest!