You probably know about the global microchip shortage happening lately. This has caused a lot of disruption in automotive production, which ultimately impacts the price of new cars. As part of our mission to help you lease or buy the best new vehicles, My Maven Autos wants to share some tips for car shopping during this microchip shortage.
Car Shopping Tips
Put more time and effort into researching market prices.
Finding a good car at an affordable rate is not impossible. It simply takes a little longer now. You’ll have to do more research to learn the competitive local prices, including familiarizing yourself with MSRPs and Kelley Blue Book values. This is crucial for helping you avoid the overwhelming dealership markups.
Discounts still exist, but temper your expectations.
You won’t find great deals and discounts as often as you did previously. However, if you shop around or consult one of our representatives, you can still find surprising offers. Again, this takes patience and dedication.
Cast a wide net geographically.
Your vehicle search may benefit from expanding your geographical market. While we all would like to buy locally, it’s not always feasible, even without the frustrating microchip shortage. If you look around dealerships in neighboring cities, you may find many more opportunities. My Maven Autos is happy to assist you in uncovering all the great vehicles in Brooklyn, Long Island, or any other corner of New York.
Sedans are easier to find than trucks and SUVs.
You probably don’t need us to tell you that the market for SUVs and trucks is red hot with many showrooms in short supply. That’s why we recommend giving more consideration to Sedans. Plus, check out these compelling reasons to choose a Sedan over an SUV.
Be patient and don’t insist on particular brands.
If you limit yourself to a special brand you’ve always bought, then you may experience a much tougher time finding something affordable. It might be a better strategy to temporarily forego your preference on style, color, and model, to buy something more economical. You could always trade it in later once the market improves.
Wait for the market to improve.
Shortages like the microchip dilemma don’t last forever. Sometimes just waiting out the trouble is your best approach. It won’t be a seller’s market forever.
We hope you find these car-shopping tips helpful. Remember, you’re not alone in this. We’re here to assist you during this much more challenging time for finding affordable cars.