Wondering when it’s the best time to buy a car in Canada? The answer to this question depends on several factors, including your circumstances, the state of your current vehicle, and whether it’s more important to get the lowest possible price or have the best selection from which to choose.  

A clear vision of what you want and how much you can spend will help you act when you find the right deal. However, you should take into account the following general factors:

• Seasonal trends: There is often a higher demand for used cars during the spring and summer months, which can drive up prices. Winter, on the other hand, is typically a slower season for car sales, which can make it a good time to find deals.
  
• Holidays and long weekends: Car dealerships often offer sales and promotions around major holidays, such as Christmas, Boxing Day, and Canada Day, which can be a good time to find a deal.

• End of the model year: If you’re looking to buy a used car from the current model year, it’s best to wait until the end of the year, when dealerships are looking to clear their inventory to make room for new models.
• Shortages: Over the past two years, we’ve observed a growing inventory shortage. There has been a delay in new car production in part due to a shortage of M2 chips, which has also led to an increase in used inventory prices. This is an opportunity for you if you have a car to trade in.

It’s important to keep in mind that these are general trends and may not always hold true. To get the best deal on a used car, it’s always a good idea to do your research, shop around, and negotiate with dealerships.