New research shows that the first half of the year is the best time to sell a car, with data showing that sellers shifted their cars for a higher price than the initial valuation.
This time of year also boasts a higher track record of vehicles sold.
This contradicts the belief among many car owners that hotter months are often the best for selling vehicles. The research suggests that selling your car during the first five months of the year allows owners to fetch the best price and is likely due to dealers buying vehicles in preparation for the high demand throughout summer.
The study, conducted by online car-changing marketplace Carwow, reviewed internal data on prices offered for vehicles compared to their average valuations, and the number of vehicles sold.
Although many would assume convertibles sell better during the hotter months, in actuality, the best time to sell is early spring. In April 2022, the average price offered for a convertible reached its peak at 100.9% of the initial average valuation.
However, March was in fact the month that saw the highest number of convertible car sales through Carwow in the same year.
