It’s Time to Turn in Your Car!
Do you own a used car? Now is the perfect time to sell it! With a shortage of microchips needed to manufacture new vehicles, the auto industry is experiencing low supply. Right now, many used cars are selling for even more than new cars. Learn more about how much you can get for your used vehicle here at Smith Chevy in Hammond, IN.
Now is the Time to Trade In Your Vehicle!
Right now, there is a low supply of vehicles in the U.S. auto industry. However, there is a high demand for cars as the economy recovers and Americans go back to their normal lives after COVID-19. The misalignment of the supply and demand of vehicles is majorly impacting the auto industry, which means now is a great time to turn in your car!
Make More Money than Ever
The average used vehicle is now nearly 30 percent more expensive than it was at the same time last year. As the summer approaches and people are headed out for road trips, there is even more demand. Over the last three weeks, used car prices have increased by 1.7 percent, according to Cox Automotive. Your car’s trade in value is likely higher than it’s ever been before. Now is the best time to make some extra cash by selling your used car.
How Much are Vehicles Going for Now?
To give you a sense of how much used vehicles are going for right now, let’s take a look at just one example of a used vehicle going for more than the same brand-new vehicle. On TrueCar, a new 2021 Kia Soul LX is priced at $17,724. However, the 2020 Kia Soul LX, the same vehicle with the same features just one year older, went for $18,500 on Manheim Auctions. Even more, the used vehicle still sold for more with 5,000 miles and “contaminated oil,” in addition to several hundred dollars of fees. This is just one example of how much more you can get for your used vehicle in the market right now.
Trading In a Vehicle With Issues
Some used car owners are hesitant to put their used vehicle up for sale because it has some maintenance or repair issues. No need to worry about that right now! In fact, this is going to be the best time to sell your used vehicle even if it has some issues because demand is so high while supply is so low. With so much need for vehicles, many people are willing to undertake repair costs when purchasing a used vehicle.
Get the Best Deal!
Visit our easy-to-use website to value your trade-in now! Just enter the year, make, model, and trim of your used vehicle to get an estimate of the car trade in value.
Your Chevy Dealer
Stop searching for “Chevy dealers in Northwest Indiana” Here at Smith Chevrolet Hammond, you can sell your car or turn your leased vehicle into our lease return center. If you have a used vehicle, now is a great time to sell it, and at Smith Chevy, we’ll give you a great deal. The market has never been this good for those selling off their used vehicles, and you’ll be able to get a much better offer on your vehicle. Visit us to learn more about trade-in options!
