Although the auto market is open to all buyers, consumers need good advice to help them make decisions, and to avoid falling into marketing traps that take them to deals and options that they never wanted.
As for Autoblog experts who specialize in the auto sector, especially the US market, the consumer cannot understand the opportunities available in the automotive world through the performance of the “deceptive” stock market, but this process becomes easier for him, through a three-pronged strategy:
First, consumers will find unbeatable deals on new cars currently and over the next few months.
Second, since mid-June, used car prices have fallen to their lowest levels in years.
Third, in the third and fourth quarters of 2020, as factories increase inventories and run out of stimulus money, experts expect another round of strong incentives to sell new cars in order to improve year-end figures.
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At the present time, no shopper can miss the announcement of discounts and other incentives that averaged about $ 4,700 on every new car sold in the United States recently, specifically last May, while experts indicate that demand may decline more quickly on New and luxury cars, which tend to attract high-income buyers as they are relatively isolated from acute economic problems.
Whether during or without the Coronavirus pandemic, consumers should not forget about standing advice related to supply and demand. When cars are offered for sale, the reason is that the market has decided that they are not worth the full price.
But just because the car is for sale, this does not make it a smart purchase, especially if the vehicle has a poor rating, or it is not the car that the customer really wants, but you should know that it is a car that you will drive and live with for years to come.
And high-demand models that sell with little or no discount can end up being smarter long-term purchases because they retain more of their original value over time.
Currently, the "pickup" trucks that surpassed sales of sedans for the first time in history in April / April, are witnessing the popularity of the hot models from brands such as "Subaru" and "Kia".
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If you walk into a showroom without knowing in advance what kind of car you want to buy, you are in the middle of the road to making a deal that you may regret later. The Corona era has canceled any excuse for not doing your homework at home before going to the auto dealership.
Customers can search for samples and start shopping using specialized sites such as Autoblog's Car Finder, for example.
Car dealers are now doing everything via digital platforms, and they are ready to negotiate and set prices online, and this transparency is revolutionizing the game: From their comfortable chair, shoppers can play with dealers and see who will offer the best deal.
Also, it is always wise to arrange financing before purchasing, to know the interest rates or deals related to the circumstances of the epidemic, noting that experts say that this method of doing business is now here to stay even after the end of the Corona era. Used cars Experts agree that the vast amount of used cars available in the market will lead to a widespread decrease in their prices.
This is great news for bargain hunters, but not good news for people looking to trade in the cars they own now.
However, Michaela Baker, vice president of product for auto marketing app CoPilot, says consumers still have to wait, adding: "Now is not the best time to buy a used car," noting that dealer prices lag sharply in the downward curve. Wholesale prices have decreased by up to 20%, but retail prices have decreased by only 3.5%.
From here, Baker says this situation cannot continue, especially with 4.1 million Americans expected to return to rental cars in 2020, a record high, with the peak of the main summer rental season, at a time when Hertz, Enterprise and rental companies are looking to Another is to dump huge fleets of used cars at extremely low prices, which further floods the market.
She pointed out that at the end of last April, one million used cars went out of auction, of which about 800,000 remained stuck in surplus yards, and were discarded by dealers who could not sell the cars that they owned.
Baker believes that "there is a very large number of cars that entered the market between June and mid-July, which opened the way for the possibility of getting the best deal, especially on cars between 1 and 3 years old," including the Toyota Camry. And "Nissan Altimas" and other sedans.
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