Are you planning to upgrade your ride to a newer set of wheels by trading your 10-year-old pickup? Do you simply want to sell your used car for top dollar in Herrin, IL? Whatever your reason, we betcha you’re at the right place and at the right time. Don’t believe us? Keep reading this blog from Auffenberg Chrysler of Herrin, the region’s best new and used car dealership, and find out why it’s the best time to buy or sell a used car in Herrin.
Best time to sell your old car
If you aren’t aware, the global car market is suffering from a semiconductor chip shortage which is pushing car OEMs to cut down on their output. The situation is worsened by the COVID-19 pandemic which has forced many factories to shut down. The two crises have reportedly resulted in over 5 million new vehicles not leaving their assembly lines in North America alone.
Increased demand for used cars
With so many new cars not hitting the dealership lots, new car dealerships are running short of inventory to meet the demand of new car buyers. This demand and supply shortage has pushed the average price of a decent new vehicle to an all-time high of $40,000 – a price point that was once considered luxury-car price segment. The higher prices for new vehicles, lesser inventory, and lifestyle changes brought on by the pandemic have pushed new car buyers to look elsewhere and consider the used car market.
In fact, recent automotive market research suggests that used car sales could hit a record 21.5 million units over this year.
Why is it also the best time to buy used cars?
The increased demand for used cars may come as a boon if you’re planning to sell or trade your old car. Not just that, it can also be the best time if you’re planning to buy your dream used car.
Dealerships are not only paying top dollar for used cars but they are also filling up their inventory with more used vehicles to meet the demand. Either way, it is a win-win situation if you’re planning to sell or trade-in your old car because you will be getting a fair price, and you will have more choice of cars on the lots if you’re thinking of upgrading or buying your first car.
Sell, Trade-in or Buy Used Cars in Herrin, IL
Now, that you know why it is the best time to cash in on your old car, and likewise to search for your dream used car, you might be interested to know the value of your old car in Herrin, IL, and its surrounding areas. If you’re considering an upgrade, let Chris Auffenberg make you an offer. We’re confident we’ll make you an offer you can’t refuse. And while you’re here you may also want to check out our pre-owned cars inventory to see if you can find a worthy upgrade.