Kevin Hunter The Homework Guy brings you the best year end car deals for December 2024. Year-end sales are officially here, and there are nearly 1.5 million 2024 models left to sell. That’s bad news for automakers, but great news for car buyers. Manufacturers and dealerships are bringing their best incentives to the table for December. These are the top 10 year-end car deals in December 2024. Don’t expect deals this good to stick around come January!

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The average new car inventory was at 3.55 million units nationally. Dealers typically had 60 to 90 days' worth of supply, which is considered healthy for meeting demand without overstocking, so when we consider being at 85 days right now, we are in an excellent position to net great car deals. I would say that car buyers seemed to have a better understanding of how the car buying and negotiating process worked prior to the pandemic, giving them more negotiating power.This fueled better competition among dealers. Automakers joined in on the competitive market, often pushing incentives to clear out inventory and make way for new model years. There were discounts, cashback offers, and promotional financing commonly available due to ample supply.
Used Car Inventories is where the big difference was compared to now. Used Inventory was around 2.5 million units as compared to 2.17 million right now. The reason for the big difference is that prior to the pandemic, there was a steady flow of trade-ins and lease returns, keeping the market well-stocked. The Pandemic made that change as people started keeping their cars longer, and people who had leased started buying out their leased vehicles. Both factors reduced used car inventory. That is rapidly changing right now.
Let’s talk about some of the best Vehicles for New Car Buyers to consider:
In the Luxury Car class: Incentives of up to 10% make luxury sedans and SUVs attractive.
Top Picks: BMW X5, Mercedes-Benz GLC, Lexus RX.
Reliable Mid-Sized Sedans are doing well too! Improved availability and deals make this a great segment.
Top Picks: Toyota Camry, Honda Accord, Nissan Altima.
Then for Family-Friendly SUVs: A surge in inventory ensures competitive pricing.
Top Picks: Ford Explorer, Chevrolet Traverse, Hyundai Santa Fe.
On the Used Car Market: There’s tighter supply, but STILL Strong Sales

Some key insights
Lingering Inventory Challenges: Used vehicle inventory rose slightly to 2.17 million units in November, with a days’ supply of just 45—down from 48 in October.
Pricing has stabilized: Average listing prices increased marginally to $25,499, though they remain 4% lower than a year ago.
Best Vehicles for Used Car Buyers to consider
In the Affordable Sedans category: Reliable options under $25,000.
Top Picks: Honda Civic, Toyota Corolla, Ford Fusion.
Luxury SUVs for Less: High depreciation and seasonal discounts favor buyers.
Top Picks in this category include: Audi Q5, Volvo XC60, Cadillac XT5.
And then for Compact SUVs: They have strong value retention but increasing availability.
Top Picks: Subaru Outback, Jeep Cherokee, Nissan Rogue.

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