880 Walkers Line, Burlington, ON, L7N 2G2, Canada

Why you should Sell Your Car this Fall in Hamilton

Why you should Sell Your Car this Fall in Hamilton

 

If you’ve been looking for the right time to sell your old vehicle in Hamilton, this fall might be the moment you’ve been waiting for.

Car prices have hit record highs in the last couple of years as a result of manufacturing, raw material, and staffing shortages around the world.  The effects of Covid-19 are still being felt in the automotive sector, along with just about every other retail sector, but things are improving everywhere.

One of the biggest issues was the lack of microchips required in most of the technology in new cars.  This led manufacturers to focus their energies on producing the vehicles that would give them a higher profit while selling a smaller quantity – read: the more expensive models.

This had a ripple effect and caused the used car market to soar because people simply couldn’t afford the brand-new models that were available or couldn’t wait months on a list for delivery of a new car.  The demand led to an increase in the price of used cars everywhere as well as many empty car lots all over the world.

Those empty car lots meant that dealers were actively seeking out used cars to purchase and they were willing to pay for them.  Traditionally, if you wanted to get the highest price possible when selling your car, you’d have to sell privately.  Dealers purchase cars with the intent of reselling them at a profit, so a private sale was beneficial to both the buyer and the seller because they both ended up with a better deal.

With the demand for used cars in Hamilton still high, dealers can buy your car for a higher price than ever before because they can sell it for a higher price than ever.  The market won’t stay at these levels forever though, which is why this fall is the ideal time for you to sell your car.  You can still get in before the market (and the weather) gets cold.

If you’ve been looking for the right time to sell your old vehicle in Hamilton, this fall might be the moment you’ve been waiting for.

Car prices have hit record highs in the last couple of years as a result of manufacturing, raw material, and staffing shortages around the world.  The effects of Covid-19 are still being felt in the automotive sector, along with just about every other retail sector, but things are improving everywhere.

One of the biggest issues was the lack of microchips required in most of the technology in new cars.  This led manufacturers to focus their energies on producing the vehicles that would give them a higher profit while selling a smaller quantity – read: the more expensive models.

This had a ripple effect and caused the used car market to soar because people simply couldn’t afford the brand-new models that were available or couldn’t wait months on a list for delivery of a new car.  The demand led to an increase in the price of used cars everywhere as well as many empty car lots all over the world.

Those empty car lots meant that dealers were actively seeking out used cars to purchase and they were willing to pay for them.  Traditionally, if you wanted to get the highest price possible when selling your car, you’d have to sell privately.  Dealers purchase cars with the intent of reselling them at a profit, so a private sale was beneficial to both the buyer and the seller because they both ended up with a better deal.

With the demand for used cars in Hamilton still high, dealers can buy your car for a higher price than ever before because they can sell it for a higher price than ever.  The market won’t stay at these levels forever though, which is why this fall is the ideal time for you to sell your car.  You can still get in before the market (and the weather) gets cold.

Categories: sell your car