10

Hard to Find Auto Parts

Hard to Find Auto Parts One of the major problems that classic car owners have is that they have a hard time locating the right kind of auto parts or replacement auto

9

Save Money With Ditchek Auto Parts

Save Money With Ditchek Auto Parts Keeping in view the high costs and high demand of auto parts, a large number of manufacturers are providing used car parts in the market including

8

You Need Quality Auto Parts

You Need Quality Auto Parts As more and more automobiles are coming into the market, the industry of auto parts is automatically witnessing extensive growth. There are several showrooms, online stores, shops

7

Simple home maintenance

Simple home maintenance A recent survey carried out by a UK insurance company showed that as many as 39% of drivers don’t know how to perform even the simplest of safety checks

6

Paint Equipment maintenance

Paint Equipment maintenance Whether you run a a car body repair shop or a mobile car body repair service the maintenance of your paint equipment is paramount. So many problems that can

5

Automotive Paint Maintenance

Automotive Paint Maintenance Regardless of the type of finish, the exteriors of all vehicles are subject to environmental wear and tear. With just a few years on the road, a car loses

4

New Hyundai Fluidic Car Price and Features

New Hyundai Fluidic Car Price and Features Hyundai cars are constantly changing the trends of cars by offering the exclusive looks plus incredible features and specifications. It is the country’s largest car

3

The Importance of Car Maintenance

The Importance of Car Maintenance No normal human being likes the idea of having their car in the shop or paying for car repairs or other maintenance. However, if you own a

2

Used Cars In Coimbatore

Used Cars In Coimbatore Small family cars, classic cars, low budget cars, limited edition cars, muscle cars or Sport Utility Vehicles (SUV), you can buy brand and model according to your requirements.

1

Fashion Magazine Philippines

Fashion Magazine Philippines Together with the Internet, Fashion Magazines are one of the most informational source people often use. They are also known as a guide for us in our daily life.

COLORADO SPRINGS — If you’re looking to buy or sell a car before the summer road trip season you’ll want to be prepared for a shortage of new vehicles and skyrocketing used car prices. News 5 takes a deep dive into the car shopping market.

There are less new cars, but the number of people looking to buy a car remains high. It’s caused used cars to actually increase in value. It’s why experts say you need to do your homework on any car purchase right now.

A major factor in all of this is the shortage of microchips also known as semiconductors caused by the pandemic and a massive fire in Asia where the chips are made. They help to run steering systems, brake systems, dashboard electronics and even car keys.

The chip shortage means new cars simply can’t be produced in the numbers we are used to.
The general manager of Adam & Son Auto Sales in Colorado Springs says the car shopping market right now has everyone on edge, but there is money to be made for those who are able to sell their used cars.

“People have been in this business for 40-plus years and they have no idea what’s coming, what’s going, all we can do is understand what’s here now. The values have gone through the roof,” said Adam & Son GM Scott Fahrenholtz. “I feel it’s going to stay this high throughout the summer and then will start maybe going down, so now is the time to sell if that’s what you’re planning on doing.”

According to Edmunds data, a company that tracks industry trends, the semiconductor shortage reduced new car inventory by 48% compared to April of last year. The biggest inventory shortage was among new trucks, down 64%, then SUVs down 44%, and passenger cars are down 42%. With this inventory 12.7% of car buyers paid above sticker price last month.

Meanwhile, here’s an example of what this has meant for the value on a used 2018 GMC Sierra 1500 crew cab, Kelley Blue Book offers that have gone up three separate times in the last few weeks.

Fahrenhotlz says used vehicles can increase in value right now as long as people are taking good care of them.

“Not properly keeping your vehicle maintained and not up to par, that’s the number one thing I’ve been seeing now,” said Fahrenholtz. “A lot of people have been kind of deferring that maintenance and that’s just kind of setting yourself up for failure in the long-run. You want to stay on top of that maintenance and get a CARFAX on that vehicle so people can absolutely see the history and what you’ve done with it.”

That’s some advice for sellers, but what if you’re looking to buy a vehicle in the next few weeks or months?

Experts say these are some things to keep in mind…

First, with limited options and high prices make sure to do your research and be prepared to act quickly.

Also, expand your search radius. You may have to look for that car in another city or community.

If you’re working with a dealership, you can save money by maximizing the value of your trade in.

Finally, ask yourself is the timing of this purchase is right for you? There may be some advantages in waiting a little while to make that vehicle purchase.

If you’re looking to buy or sell a car right now there is expert advice available and even local businesses who can help you to do both:

Scott Fahrenholtz
Adam & Son Auto Sales
(719) 309-2270
4391 Austin Bluffs Pkwy
Colorado Springs, CO 80918
https://www.adamautosales.com/

Helpul research information and links:
https://www.edmunds.com/