Car shopping won’t be the same this year – The Morning Sun

By RONALD MONTOYAEdmunds

2021 is an unusual year for the auto industry. While customer demand for new cars rebounded after the economic turmoil in 2020, automakers found themselves unable to meet that demand because of semiconductor chip shortages and problems. about the supply chain. So what should car buyers expect in 2022? Unfortunately the same.

Ivan Drury, Edmunds senior director of insights for Edmunds, said: “Competition for new vehicles will be fierce as inventory shortages persist into 2022. urgent to fast quickly execute a transaction. With this in mind, here are five ways car buying has changed, along with some tips on how to manage it.

SHORT-TERM VEHICLES MEAN HIGHER PRICESVehicles coming into the lot are more likely to have more expensive trim and inflated prices or with more dealer-installed accessories to achieve the same effect. And if that’s not enough to deal with, you’ll find that dealers are much less likely to cut prices because they know there aren’t many other options. It’s a textbook case of supply and demand.

These days, paying MSRP can actually be a “good deal,” relatively speaking.

https://www.themorningsun.com/2022/01/12/edmunds-shopping-for-a-car-this-year-will-not-be-the-same/ Car shopping won’t be the same this year – The Morning Sun

Charles Jones

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