Are used car prices likely to drop significantly after Xmas?

I am looking to buy a 2010 plate Hyundai Santa Fe and wondered if I should wait until after Xmas? Will prices drop as dealers look to keep their cash flow going in the quiet post-Xmas period?

Asked on 22 November 2016 by Chris Spurling

Answered by Honest John
For the past 25 years, used prices have risen sharply in January. In anticipation, 20 years ago, one very big used dealer started buying heavily in November when prices were rock bottom and others followed suit, pushing up prices in December, so the lowest price point of the year is now last week of October and first week of November. 4x4 prices are heavily weather dependent. if we get snow, they shoot up.
Similar questions
I'm a cash buyer with no trade-in. I'm hoping to buy a 2012 Ford Fiesta, with the Aston Martin grille and 36,000 miles on the clock, through a Ford main dealer. They're having to transfer the car from...
I'm looking to buy a diesel car, most likely from 2014. What is considered high mileage for these? It will most likely be a BMW or Audi, which are usually ex-fleet cars. Do you recommend buying a high...
What's the best first car for an 18 year old driver? I need something older and cheap. My budget is about £1500 - £2500. Also, how do I check if the car has any issues, i.e. outstanding finance, been involved...
Related models
Relaxed motorway cruising. Comfortable ride. Excellent on very rough tracks. Available with seven seats. Good value. Much improved from 2010 with new 2.2-litre diesel.
 

Ask Honest John

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 10% on GAP Insurance

Use HJ10 to save on an ALA policy

See offer