Making Sense of Car Buying Trends for 2022
The new and used car buying market has seen its shares of ups and downs over the last two years. With the coronavirus pandemic changing how we live our lives in 2020 and returning to a semblance of normalcy in 2021, the car buying industry has seen significant upheaval. As we march forward into 2022, savvy car buyers want to look at the past to potentially see what the future holds and discover where they can get the best bang for their buck in 2022.
Understanding the state of the new and used car market in 2021 can potentially shed light on where we’re heading in 2022. Here are some of the critical automotive trends you can look for to better understand where the automotive industry as a whole is headed.
Used Car Prices
2021 saw a marked increase across the board in used car prices. With more people working from home and not traveling nearly as much as before, fewer used cars entered the market. With the supply down, prices on the existing inventory started to soar, as did the demand for used vehicles. Few people opted to invest in a new car model, and those looking for a used car flocked to dealerships looking for a good deal.
However, even with the rising prices, the used car market has seen used car sales increases across the board in 2021. With this growth rate on a steady incline, car dealerships are trying to keep up with the demand on the used car market.
Online Sales Are Here to Stay
As more people stayed home, finding new avenues to connect with potential customers became paramount for car dealers. As the auto industry looked to embrace the power of online sales, the customers jumped at the chance to use the internet to make their car purchases. Since people could shop for luxury cars from anywhere with a wi-fi connection, meeting the customers where they are will become more important than ever in 2022.
New Technology Finding Its Way Into New Cars
Whether you are looking at a brand new 2022 Buick Envision or any number of models in our new car inventory, you’re bound to find cars with all the latest technology hidden under the hood. The newest and latest technologies aim to make our daily lives easier in the short term and the long term. It was only a matter of time before these advancements made their way into the cars we drive as well. Vehicle manufacturers want to make their cars more connected than ever and provide the creature comforts of modern life from within your vehicle.
Not only do you get to enjoy massage seats, but depending on the model of car you get, you can enjoy things like car wi-fi, advanced entertainment systems, and increased data access for your life on the go. Additionally, new safety features are introduced thanks to these technological advances, providing you with a brand new safety suite to keep you and your passengers safe.
Electric Cars of the Future
More styles of electric cars will be hitting the new car market in 2022, but it still may take some time to see all of the potential options. With more manufacturers looking to break into the market, promises of electric versions of your favorite car styles are coming to a dealership near you in 2022 and beyond. Knowing what you want out of a car style and if there is an available electric option will become increasingly more common in the future.
Come to Faulkner Buick GMC Trevose in 2022!
Whether you are in the market for a new or used car, you want a car dealership that you can trust in 2022. Faulkner Buick GMC Trevose has a new and used car inventory that can fit your every need. Additionally, we offer a wealth of GMC lease options throughout Bucks County to help you fit your new car into your budget.
Contact our team to learn more about our inventory and how we can help you find your new car today!
Understanding the state of the new and used car market in 2021 can potentially shed light on where we’re heading in 2022. Here are some of the critical automotive trends you can look for to better understand where the automotive industry as a whole is headed.
Used Car Prices
2021 saw a marked increase across the board in used car prices. With more people working from home and not traveling nearly as much as before, fewer used cars entered the market. With the supply down, prices on the existing inventory started to soar, as did the demand for used vehicles. Few people opted to invest in a new car model, and those looking for a used car flocked to dealerships looking for a good deal.
However, even with the rising prices, the used car market has seen used car sales increases across the board in 2021. With this growth rate on a steady incline, car dealerships are trying to keep up with the demand on the used car market.
Online Sales Are Here to Stay
As more people stayed home, finding new avenues to connect with potential customers became paramount for car dealers. As the auto industry looked to embrace the power of online sales, the customers jumped at the chance to use the internet to make their car purchases. Since people could shop for luxury cars from anywhere with a wi-fi connection, meeting the customers where they are will become more important than ever in 2022.
New Technology Finding Its Way Into New Cars
Whether you are looking at a brand new 2022 Buick Envision or any number of models in our new car inventory, you’re bound to find cars with all the latest technology hidden under the hood. The newest and latest technologies aim to make our daily lives easier in the short term and the long term. It was only a matter of time before these advancements made their way into the cars we drive as well. Vehicle manufacturers want to make their cars more connected than ever and provide the creature comforts of modern life from within your vehicle.
Not only do you get to enjoy massage seats, but depending on the model of car you get, you can enjoy things like car wi-fi, advanced entertainment systems, and increased data access for your life on the go. Additionally, new safety features are introduced thanks to these technological advances, providing you with a brand new safety suite to keep you and your passengers safe.
Electric Cars of the Future
More styles of electric cars will be hitting the new car market in 2022, but it still may take some time to see all of the potential options. With more manufacturers looking to break into the market, promises of electric versions of your favorite car styles are coming to a dealership near you in 2022 and beyond. Knowing what you want out of a car style and if there is an available electric option will become increasingly more common in the future.
Come to Faulkner Buick GMC Trevose in 2022!
Whether you are in the market for a new or used car, you want a car dealership that you can trust in 2022. Faulkner Buick GMC Trevose has a new and used car inventory that can fit your every need. Additionally, we offer a wealth of GMC lease options throughout Bucks County to help you fit your new car into your budget.
Contact our team to learn more about our inventory and how we can help you find your new car today!
