Assessing the Benefits of Opting for Pre-Owned Vehicles in a Dynamic Market


Posted December 24, 2023 by MarySeidal

Examining the used car market's economic landscape with data-driven insights into supply dynamics.

 
In the current automotive scenario, challenges arise from the US auto manufacturers' strike, COVID-19 aftermath, geopolitical factors, and supply chain disruptions. This article, supported by expert insights and statistics, explores the superiority of choosing used cars in today's economic climate.

Advantages of Opting for Used Cars

- Recent industry challenges disrupted the automotive supply chain, causing a shortage of popular and affordable models in the used car market. While some resellers exploited the shortage, leading to overpriced used cars, prices are now stabilizing. Reputable dealerships like Clement Pre-Owned, part of the Clement Auto Group, address this scarcity by offering attractive trade-in options. This collaboration allows Clement Pre-Owned to maintain an inventory of over 1000 affordable vehicles consistently.

- Considering a used car now is timely, given the entry of highly-priced pandemic-era cars into the market. The Edmunds Used Vehicle Report (Q2 2023) indicates the average transaction for used vehicles in 2023 at $29,472, a notable 46% increase since Q2 2018. Despite this, the cost remains nearly half that of new cars ($48,000 on average), attributed to the availability of pre-2020 vehicles. The upcoming influx of post-2020 cars is expected to drive used car prices higher, influenced by rising interest rates affecting auto finance.

- Purchasing a used car offers several advantages, but selecting the right dealership is crucial for a reliable transaction. Key recommendations include opting for dealerships over private sellers for reliability, choosing full-service dealerships that handle new cars for a broader selection, inspecting service facilities for maintenance commitment, seeking ISO certification for quality assurance, and exploring online sales for added convenience.

About Clement Pre-Owned

Clement Pre-Owned,https://clementpreowned.com/, a trusted member of the Clement Auto Group, operates two dealer centers in St Charles and Florissant, Missouri. With over 15 years of experience, they offer top-quality used vehicles, transparent processes, and ISO certification for quality assurance. Their commitment to customer convenience is evident through services like online sales and home delivery. Customers benefit from a five-day price protection period, making Clement Pre-Owned a reliable choice for used car shoppers. Shop now our inventory, https://clementpreowned.com/inventory.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Clement Pre-Owned:Used Car Dealership In MO
Phone +1 636-324-8498
Business Address 1790 N Hwy 67, Florissant, MO 63033, United States
3621 Veterans Memorial Pkwy, St Charles, MO 63303, United States
Country United States
Categories Automotive
Tags automotive scenario , supply chain disruptions , missouri , used cars , reputable dealerships
Last Updated January 4, 2024