Used car shoppers in Houston likely to find big deals on MLK Day

HOUSTON, Texas (KTRK) — If you’re contemplating buying a used car, according to one car buying website, Martin Luther King Jr. Day is the one of the best times to find a good deal.

The I See Cars website compared specific times of the year to see when consumers can find the most savings on a used car.

In Houston, MLK Day is a day in which shoppers are most likely to see big discounts. In fact, the beginning of the year is generally a good time to buy. President’s Day is also a big deal day, along with the months of January and February.

For the study, I See Cars analyzed 32 million used car sales and looked for savings of at least five percent, amounting to over $1,100 off the price of the average used car.

Demand for used cars rose during the COVID-19 pandemic. When the pandemic started, auto plants initially shut down operations, creating shortage of new-car inventory, sending more people to the used car market.