Black Friday is the unofficial start of the holiday spending season, with many Americans stocking up on gifts, gadgets, and electronics. But Black Friday is also an opportune time to go car shopping — many dealers roll out their special holiday offers and discounts right after Thanksgiving.
New and used vehicles are both in high demand, as the worldwide microchip shortage cut into the number of vehicles manufacturers have been able to produce. With demand for cars outpacing supply, each new car model is selling for more than the manufacturer suggested retail price, at an average of 11.4% above MSRP. Yet there are a number of new cars with lower markups than typical due to Black Friday sales. There are also used cars that are discounted by more than 5%.
To determine the best Black Friday car deals, 24/7 Wall St. reviewed an analysis from automotive research firm iSeeCars. For used cars, iSeeCars reviewed over 1.6 million used vehicles for model years 2016-2020 to find the models and listed the ones with the largest discounts. For new cars, iSeeCars reviewed average differences between list price and MSRP for different vehicles and listed the ones with the smallest average.
Though new vehicles are all selling above MSRP, buyers can take advantage of certain offers to offset the high prices. Many of the new vehicles with the best Black Friday deals have cashback offers, incentives, and tax credits that can help make them more affordable than their competitors.
Most of the used cars with the best Black Friday deals are sedans. This segment has become much less popular with American drivers in recent years, as subcompact SUVs take up a larger share of the U.S. auto market. These are the cars Americans do not want to buy.
Click here to see the cars with the best Black Friday deals.
Source: Courtesy of Hyundai Motor America
15. Genesis G80
> Savings: 5.1% (total: $1,650)
> Avg. price: $34,847
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Source: DarthArt / iStock Editorial via Getty Images
14. Nissan Frontier
> Savings: 5.3% (total: $1,406)
> Avg. price: $28,139
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Source: kia.com
13. Kia Stinger
> Savings: 5.6% (total: $1,944)
> Avg. price: $37,280
12. Nissan Titan XD
> Savings: 5.9% (total: $2,413)
> Avg. price: $41,853
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Source: Coast-to-Coast / iStock Editorial via Getty Images
11. Nissan Maxima
> Savings: 5.9% (total: $1,435)
> Avg. price: $26,133
Source: Spencer Platt / Getty Images
10. Nissan Altima
> Savings: 6.4% (total: $1,207)
> Avg. price: $20,892
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Source: jetcityimage / iStock Editorial via Getty Images
9. Hyundai Sonata
> Savings: 6.5% (total: $1,198)
> Avg. price: $20,297
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Source: hyundaiusa.com
8. Hyundai Veloster
> Savings: 7.0% (total: $1,196)
> Avg. price: $18,382
Source: VanderWolf-Images / Getty Images
7. Porsche 911
> Savings: 7.2% (total: $10,957)
> Avg. price: $162,493
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Source: Srdjanns74 / iStock Editorial via Getty Images
6. Hyundai Elantra
> Savings: 7.2% (total: $1,155)
> Avg. price: $17,806
Source: www.nissanusa.com
5. Nissan Sentra
> Savings: 7.3% (total: $1,175)
> Avg. price: $17,835
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Source: www.kia.com
4. Kia Rio
> Savings: 7.4% (total: $1,081)
> Avg. price: $16,251
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Source: nuttapong / Getty Images
3. Mitsubishi Mirage G4
> Savings: 8.3% (total: $1,073)
> Avg. price: $14,207
Source: www.nissanusa.com
2. Nissan Versa
> Savings: 8.7% (total: $1,206)
> Avg. price: $15,509
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Source: bruev / iStock Editorial via Getty Images
1. Hyundai Accent
> Savings: 9.9% (total: $1,336)
> Avg. price: $14,837
Source: YuriyVlasenko / iStock Editorial via Getty Images
15. Buick Enclave
> Avg. MSRP: $47,749
> Pct. over MSRP: 4.0% (total: $1,894)
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Source: Bryan Mitchell / Getty Images News via Getty Images
14. Honda Accord Hybrid
> Avg. MSRP: $33,530
> Pct. over MSRP: 3.9% (total: $1,298)
Source: jetcityimage / iStock Editorial via Getty Images
13. Kia Carnival
> Avg. MSRP: $42,918
> Pct. over MSRP: 3.9% (total: $1,656)
Source: shaunl / iStock Unreleased via Getty Images
12. Chevrolet Bolt EV
> Avg. MSRP: $33,321
> Pct. over MSRP: 3.9% (total: $1,285)
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Source: DarthArt / iStock Editorial via Getty Images
11. Honda Odyssey
> Avg. MSRP: $40,203
> Pct. over MSRP: 3.8% (total: $1,541)
Source: Roman Vyshnikov / iStock Editorial via Getty Images
10. INFINITI QX80
> Avg. MSRP: $76,913
> Pct. over MSRP: 3.6% (total: $2,794)
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Source: YuriyVlasenko / iStock Editorial via Getty Images
9. Mazda Mazda6
> Avg. MSRP: $29,743
> Pct. over MSRP: 3.6% (total: $1,077)
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Source: YuriyVlasenko / iStock Editorial via Getty Images
8. Honda Pilot
> Avg. MSRP: $42,091
> Pct. over MSRP: 3.3% (total: $1,409)
7. Ford EcoSport
> Avg. MSRP: $24,266
> Pct. over MSRP: 3.3% (total: $795)
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6. Honda Passport
> Avg. MSRP: $40,248
> Pct. over MSRP: 3.2% (total: $1,282)
Source: shaunl / iStock Unreleased via Getty Images
5. Acura RDX
> Avg. MSRP: $44,302
> Pct. over MSRP: 3.0% (total: $1,348)
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Source: Neilson Barnard / Getty Images for Acura
4. Acura TLX
> Avg. MSRP: $45,496
> Pct. over MSRP: 3.0% (total: $1,352)
3. Hyundai Kona EV
> Avg. MSRP: $43,217
> Pct. over MSRP: 2.5% (total: $1,100)
Source: YuriyVlasenko / iStock Editorial via Getty Images
2. Acura MDX
> Avg. MSRP: $55,059
> Pct. over MSRP: 2.5% (total: $1,396)
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Source: Neydtstock / iStock Editorial via Getty Images
1. Jeep Renegade
> Avg. MSRP: $26,735
> Pct. over MSRP: 2.3% (total: $625)
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