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How not to lose in todays car markets

Being in the business for over 9 years and seeing all the ups and downs of the car market and the buying seasons I have not experienced anything like this before. New car stores are going out of business more than ever before due to the shortage of vehicles and parts supplies. Vehicle shortages are caused by chip shortage, lack of human resources and government shutdowns.

 

What does this mean for you?

 

According to Consumer Reports:

 

Short supply of vehicles in the market topped with high consumer demand, are driving pre-owned market prices up. Current prices are 42% higher than they were in the first quarter of 2020. With the auction prices not decreasing day over day, waiting to make a purchase is going to cost more.
Some indicators and market experts are estimating the chip shortage could continue through to 2024 and it is difficult to pinpoint exactly when it will end according to an article in CNBC.
Consumer searches for pre-owned cars are double what they were a year ago. Cars are moving faster than ever before – consumers are advised to move quickly if they see a car they like.
If you have a vehicle to trade in, it’s the best time to do it now. The value of your vehicle has been going up as the market is going up. But more unique, low supply and more desirable vehicles are going up faster.
The moral of the story? Don’t wait when you see a car that you like, past buying experiences are outdated in the current market. Waiting costs, especially when prices are still on the rise. You don’t want to miss out on a vehicle or have to pay more when you can get the best deal now.

If you have any questions or perhaps additional insights please feel free to reach out. We are all navigating this odd market together.

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This was an amazing experience from the managers quick response to an inquiry and Jamie the salesman (AKA The White Pony) making sure everything went... smoothly! I had a total loss on a previous Mercedes-Benz E-Class and haven’t had to go through the insurance process for this before and Perfect Auto answered all my questions and made the sale go extremely smooth!read more
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Hey I wanted to thank perfect Auto Collection family for helping me to locate my dream car but a special thanks to my sales person Todd for his fast... communication and wonderful customer service . Such a wonderful experience for me . I'll recommend my sale guy to anyone looking to purchase a carread more
Todd was great to work with and really helped us through the process. He included our entire family, as this is a car for our teenage daughter. If he... wasn’t for Todd we may not have found the Jeep we had been searching for!read more
Todd Long was extremely professional & knowledgeable about the vehicle that I was interested. He was very patient on explaining the needed details... on the Bentley Continental GT…even provided the CARFAX. He the went the extra mile to virtual show the vehicle and ensure my experience was very satisfying. He has been great on following-up to ensure everything is locked-in and total satisfaction.read more
Love the selection these guys have to offer! Todd was great help as well as everybody else I spoke with. Will be shopping here again🤩
What an amazing team to work with. We highly recommend working with TODD, so make sure to ask for him! We are out of state and this man did any and... everything we needed him to, including a very detailed overview of the car via FaceTime. Good people, good help, couldn’t ask for more!!⚡️ Thank you sir!!😉read more
Recently traded in my vehicle + purchased a vehicle! Todd was awesome to work with! The whole staff + the owner was very friendly. They gave me a... great price for my trade in + made our deal happen fast and efficient. Can't wait to buy another car from Perfect Auto Collection!read more
I was shopping for Mercedes s65 amg dealing with Todd Long he was an amazing sales person and definitely went way out of his way to help me out... doing everything virtual so I’d never have to leave the house giving me the 360 view of the vehicle on FaceTime(which was awesome, also answered every one of my 1000 question’s) and appraisal for my car the whole 9. Unfortunately I end up buying the Mercedes from a different lot due to the amount of owners on the one they had available but if they had the vehicle that I bought at their lot Todd is the man to go to!!!! definitely highly recommend,very professional and very punctual. Thank you so much for your time and wish you nothing but the best my friend take care. Hopefully you can help me get my wife’s car in the near future. Thanks again🙏-Andrewread more
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