Buying A Car in 2023
Smith Hammond: Buying A Car in 2023
Now is a great time to start your new year off with a brand new vehicle! Financial forecasters are predicting that this year will see lower new and used vehicle prices compared to the last few years. That means buying a car 2023 means you’ll save big. Plus, 2023 Chevy models are full of new upgrades and redesigns to enhance the performance, safety, and technology of each new vehicle. Check out why 2023 car shopping is better than ever now at Smith Chevy Hammond!
Car Prices Dropping in 2023
Throughout this year, financial experts expect that both new and used vehicle prices will fall from the highs of the past several years. J.P. Morgan released a research report from November 2022 with trends indicating new car prices will probably fall roughly 5 percent, while used car prices could dramatically plummet by 10 to 20 percent. Most of the price decrease is expected to result from supply of new vehicles returning to normal for the upcoming year.
Over the past few years, new and used vehicle prices were uncharacteristically high. Supply chain issues explain most of the price increases. There was a shortage of chips needed to manufacture new vehicles beginning in 2020. With fewer new vehicles being produced, the decreased supply of new vehicles caused an increase in pricing on new vehicles. With fewer new vehicles to sell, dealers were forced to rely more heavily on used car sales, which then raised those prices. Meanwhile, consumer demand for vehicles rose, so an overall reduced supply combined with higher demand produced inflated prices.
New Vehicles Available Now
At Smith Chevrolet Hammond, we’re here to make buying a car 2023 easier than ever. We have a great supply of new and used vehicles for your selection. Some of our new vehicles include:
- 2023 Chevrolet Equinox: The newest Equinox is the stylish and versatile small SUV. This small SUV has been thoughtfully designed with a spacious cabin to help you do it all and style to make sure you look good doing it. It also features bold black badging and standard Chevy safety assist. Add even more style and flair to your Equinox with the head-turning Midnight and Redline editions. It starts at just $26,600 and offers great fuel efficiency with 26 mpg city and 31 mpg highway.
- 2023 Chevrolet Trailblazer: The newest Trailblazer is surprisingly spacious for a small SUV. Features like the reversible two-tier adaptable cargo storage system give you plenty of room for your things. What’s more, the front passenger seat folds flat when you want to haul items up to 8.5 feet long. The 2023 Trailblazer offers the power and efficiency to take you uptown, out of town, and everywhere in between. And with 3 drive modes—Normal, available All-Wheel Drive (Snow on FWD) and available Sport—you’ll have the traction you need when you need it.
- 2023 Chevrolet Colorado: The all-new 2023 Colorado isn’t just for people who want to do more. It’s for those who want to be more. More capable, more forward-thinking, and more than ready for whatever epic adventures come their way. That’s why Chevy reimagined it with a reconfigurable bed offering class-exclusive integrated tailgate storage, along with a best-in-class 10 available camera views, and five performance drive modes to help you stay confident and in-command on tough terrain.
Visit Smith Hammond!
Looking for Chevy dealers in Northwest Indiana? Visit Smith Chevrolet today for all your needs, whether you’re looking for a new or used car, need to schedule service with our Smith Chevy Parts department, or want to trade-in your vehicle today! At Smith Motors, our unmatched service and diverse Chevrolet inventory have set us apart as the preferred dealer of Hammond residents. Visit us to start off 2023 by treating yourself to a new vehicle today!
