Consumers Shop Autos on Black Friday
The hefty discounts and incentives offered by car manufacturers helped lure shoppers away from malls and onto automotive Websites over the Thanksgiving weekend, reports Dataium, an aggregator of online automotive shopping activity.
Nashville, Tenn. — The hefty discounts and incentives offered by car manufacturers helped lure shoppers away from malls and on to automotive Websites over the Thanksgiving weekend, reports Dataium, an aggregator of online automotive shopping activity.
Visitor traffic on auto Websites was down less than 6 percent on Black Friday vs. a typical Friday. During last year’s biggest shopping day, site traffic on automotive sites was down more than 200 percent. Additionally, the overall number of visitors searching and submitting leads on dealership Websites remained stable.
As compared to an average Friday, luxury manufacturers BMW and Cadillac realized gains of 9 and 6 percent, respectively, on Black Friday, while Toyota and Mazda experienced slight losses of nearly 13 percent.
Aided by deep discounts, the Lincoln MKZ and Buick Enclave were the big winners on Black Friday, boosting leads by 1,475 and 531 percent, respectively. Close behind was the Volkswagen Tiguan, which received a boost from attractive financing and leasing deals. It was one of the few models to enjoy higher searches and leads than an average Friday.
"Overall, this was a good Thanksgiving weekend for most auto dealers," stated Eric Brown, CEO of Dataium. "The online interest generated over the weekend should translate into improved sales over the remaining holiday season and through the New Year."
Through proprietary data collection and analytics, Dataium aggregates and measures billions of auto shopper behavioral events from more than 40 million active auto shoppers across a network of diverse automotive websites. For more information, visit http://www.dataium.com/contact.
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →