Is Now the Best Time to Trade In My Car?

Greenville, South Carolina, vehicle owners know that trading in their car involves having good timing. The choice of season, month or even day can impact the value Spartanburg drivers get for their vehicles. Yet did you realize that right now is an unusually good time to trade in your vehicle? Read on to learn how you can get the most out of your trade today.

At Benson Chrysler Dodge Jeep, we have extensive experience with helping people get the best value on their vehicle. Whether purchasing, financing or trading in, our friendly and professional advisors make it easier than ever for you to find your next great ride. So visit us online or in-store today to browse our inventory or take a test drive.

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Why Trade In Now?

There are many good reasons for drivers to trade in their vehicles right now. First of all, trade-in vehicles often fetch higher prices during the spring and summer. Spring income tax refunds bring many customers to auto dealerships with money in hand. Yet since many manufacturers are looking ahead to the fall's new model releases, dealerships can sometimes find it harder to stock their lots. And this combination of high demand and scarce new inventory means dealers are searching for affordable used vehicles to sell.

Anderson drivers understand that for these reasons, summer is always a good time to trade in a vehicle. Yet the summer of 2021 is an especially good time.

The worldwide economic shutdowns at the beginning of the COVID-19 pandemic led automakers to pause or roll back production on many vehicles. Modern vehicles require parts from all over the world sourced through elaborate supply chains. Thus, local pandemic response measures and travel restrictions have hit the automotive industry hard. And as many people lost their jobs and businesses lost income, consumers and fleet owners postponed intended vehicle purchases.

Yet as time went on and the economy opened up, vehicle demand far outstripped the ability of automakers to supply their dealers with suitable inventory. Consumers who had retained their jobs had plenty of leftover disposable income they had not been able to use during the pandemic. Government actions, such as lowering interest rates or providing stimulus money to households, have made access to financing easier than ever before. And fear of the virus has made commuters less willing to trust mass transit.

What Does This Mean for My Trade?

Taken together, these factors mean that now is a uniquely advantageous time for drivers to trade in their vehicles. With strong demand and low available inventory, vehicle prices are unusually high right now. And the lack of prior economic activity means that both the new and the used markets are running low on available models.

These high prices can make it hard for buyers to afford their next dream ride. Yet for those with an older vehicle to trade in, the lack of inventory makes their trade more valuable. That high-value trade in can help to offset the higher price of the dealership's inventory. Thus, drivers can use their trade to finally get that vehicle they have always wanted, but could never quite afford.

Conclusion

Drivers know that trading in an old vehicle is a great way to save money on a newer model. Whether moving from a mass-market to a luxury brand, or seeking the latest technologies to keep their families safe on the roads, Simpsonville car buyers enjoy the savings they find from trading in their vehicles. And if you are in the market for a new car, truck or SUV, there is no time like the present to maximize the value of your trade.

Benson Chrysler Dodge Jeep is proud of its long history of service to drivers across the Carolinas. We have a broad selection of new, used and certified pre-owned models for a wide variety of consumers. And our finance and service professionals are always ready to help drivers get and keep their next great ride. So visit us at 415 W. Wade Hampton Blvd. or call us at (864) 334-7518 to learn more or to schedule a test drive.

  1. Benson Chrysler Dodge Jeep

    415 W Wade Hampton Blvd
    Greer, SC 29650-1538

    • Sales: 866-798-8607
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  • Contact our Sales Department at: 866-798-8607
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