It’s safe to say that things are a little wonky with the economy right now. With all of the uncertainty, consumers are rightfully concerned about making purchases, particularly when they involve an expensive item like a vehicle. Now may actually be the best time to look at new Hyundai cars, and Keyes Hyundai explains why.
New Vehicle Prices Could Go Up
Right now, it is impossible to predict what will happen to car prices with any kind of certainty. Many experts anticipate that they will increase as the result of higher costs for car parts. Purchasing now is a known quantity, since the situation may be wildly different in a few months’ time.
What About Used Cars?
The antidote to the high cost of new items is often to choose older products. However, one thing we learned during the COVID years is that car prices go by a somewhat different set of rules. When demand for new cars drops, it rises for used cars; that, in turn, drives prices higher. Here as well, waiting may not be your best course of action.
How About Car Specials?
While Hyundai vehicles have always represented an excellent value for the money, special offers aren’t always on the table. Most companies – Hyundai included – will do their best to hold the line on prices, but they’re also attempting to keep the lights on and their workers employed, so there may be fewer promotions available.
Wait and See or Take Action?
Nobody has a crystal ball, so none of us knows for sure what’s going to occur with the economy. While guessing isn’t anyone’s favorite choice, it’s time to take an educated guess when it comes to your car purchase. If you were actively shopping for a vehicle, you may want to expedite your search. If you see prices creeping higher, it’s time to act. If you have questions, contact Keyes Hyundai, and we’ll help you navigate these challenging times.
