Black Friday on Wheels: 2011's Five Best Car Deals

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The Five Best Black Friday Car Deals 2011Black Friday has a predictable routine: Millions of hopeful shoppers, their bellies stuffed with turkey and pie, line up outside their friendly neighborhood stores and wait for the running of the bulls. When H-hour arrives, the doors burst open, the customers storm in, and local retailers transform into the Thunderdome, suburbia edition.

But for some shoppers, Black Friday is about other visions ... more exciting visions ... visions with wheels.

According to auto research and forecasting company TrueCar, the day after Thanksgiving isn't just the best day to buy TVs and blu-ray players. "Our analysis of the data has shown that Black Friday is also the biggest savings day of the year for car buyers," CEO Scott Painter says, pointing out that many dealers are offering some of the best deals of the year in an attempt to draw in post-Thanksgiving customers.

TrueCar, which bases its predictions on a range of data from dealers, vehicle registrations, insurance companies and other sources, has identified five cars that it predicts will be the best Black Friday auto deals. The top bargain, the 2011 Mitsubishi Endeavor, is a mid-sized SUV that usually retails for $29,109. According to TrueCar, Black Friday discounts and deals will drop its price by more than 23%, knocking the final cost down to $22,334. The next-best deal, and the cheapest vehicle in the top five, is the 2011 Chevy Silverado. According to TrueCar, the light pickup truck will fall from $22,230 to $17,370 -- a 21.9% drop. To see more deals check out our slideshow.

These discounts seem hefty considering the average mark-down buyers have gotten this year is about 6%, according to TrueCar.

Autos are popular holiday gifts, explains Paul Taylor a chief economist for the National Automobile Dealers Association. And on Black Friday, he says, car dealers are trying hard to compete with the draw of malls and big box stores.

It all adds up to a compelling argument for spending Black Friday picking out a gift that'll be "unwrapped" in the driveway rather than under the tree.



Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him on Twitter at @bruce1971.




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13 Comments

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zmmrmnjf4

The big three auto manufacturers have more foreign made parts and even foreign made steel and Mexican made glass and interiors than Honda and Toyota. The big three have plants in Mexico. Our corporate greed is selling our jobs down the road. Toyota, Nissan, Honda, and Bmw have plants here in the states making engines and cars. The foreign CEO's are not having their companies buy their personal vacation condominiums like Iocca did at Chrysler. I hear even Harleys have some parts made it China. Come on, GREED, AMERICAN GREED is the root of all evil in business and Politics as we see.

November 21 2011 at 7:08 PM Report abuse rate up rate down Reply
babby201

IF you think they are doing you a favor ,forget it.
Big discounts mean they have made too many , and the dealer is stuck with paying the bank for his stock till it sells.
its like rebates at the beginning of summer , they overestimate the market demand , and then start to panic.
Call us when Ferrari starts discounting .

November 15 2011 at 2:11 PM Report abuse rate up rate down Reply
toosmart4u

We must always buy American. The biggest crybabies about our debt has a foreign car in the drive way, foreign tools in their garage and foreign junk in their house. We must take pride in America and always buy American, no matter what. This way we can put everyone back to work.

November 15 2011 at 11:06 AM Report abuse +3 rate up rate down Reply
docmetcalf1955

well, maybe the escape. but only the all wheel drive version, maybe, if thats all there was

November 15 2011 at 8:15 AM Report abuse rate up rate down Reply
docmetcalf1955

the 5 best deals are cars i wouldn't be caught dead in

November 15 2011 at 8:11 AM Report abuse +1 rate up rate down Reply
nnanciejean

I just bought a brand new Forester. Absolutely love the car. And best thing is I didn't give any of my money to Government Motors.

November 15 2011 at 6:58 AM Report abuse rate up rate down Reply
1 reply to nnanciejean's comment
dsnj71

all subaru drivers are the worst ever !
i sometimes wish my ford was equipped with a few james bond gadgets to get them off the road.
i guess they are all too busy smoking weed while admiring nature instead of paying attention to the street.
you all know this is true,

November 15 2011 at 1:31 PM Report abuse rate up rate down Reply
mailbagegc

Guess the last 3 best car deals of this year is anybody's guess.

November 14 2011 at 9:05 PM Report abuse rate up rate down Reply
mailbagegc

This article reminds me of the CBS GOP debate last Sat. night. You had to go online to witness the last 30 min. of the debate. I saw no evidence on the sight of how to click on it. Go figure. Is CBS that cheap that they couldn't carry the last 30 min. on TV!!!

November 14 2011 at 9:04 PM Report abuse +1 rate up rate down Reply
mailbagegc

Hey, is anybody out there?????

November 14 2011 at 9:00 PM Report abuse rate up rate down Reply
mailbagegc

What slideshow? I don't see one either.

November 14 2011 at 8:58 PM Report abuse rate up rate down Reply