Is Now a Good Time to Sell a Car?

July 28th, 2021 by

Woman with clipboard evaluating a car
 

So you’re considering selling your used car and getting a new one from Hyundai of Hampton. Great choice! But you might be wondering, “Is now a good time to sell a car?” or “Should I sell my car to a dealer or a private buyer?” Right now is actually a great time to sell your car, especially to a Hampton car dealership like Hyundai of Hampton because the current values of used cars are near historic highs. Here, Hyundai of Hampton breaks down how the current chip shortage is affecting the value of available cars for sale and explains why selling your used car to Hyundai of Hampton is a smart move.

Why is There a Chip Shortage?

You’ve probably heard a lot about a “chip shortage” and what that means for the price of cars both new and used. Why is there a chip shortage? Newport News-area drivers are paying more for cars because COVID-19 has disrupted global supply chains, especially in the semiconductor industry. Since semiconductors are crucial in building computer chips, a decrease in computer chip supply has led to an increase in computer chip prices, and that pushes up the price on technologically advanced modern cars.

Should I Sell My Car to a Dealer?

For those asking, “Should I sell my car to a dealer?” the answer is a resounding “yes”! You can, of course, opt to sell to a private party, but that requires you to meet with a stranger, potentially at a location about which you feel less than comfortable. Meanwhile, going through the used car sale process at a dealership such as Hyundai of Hampton means you’re getting a safe, hassle-free car-selling experience, not to mention the ease of being able to buy your next vehicle in the same place you just sold your used car.

How to Get a Car Ready to Sell

If you’re wondering how to get a car ready to sell, there are a few steps you’ll want to follow to ensure that your car gets top dollar when selling. No matter what side of “should I sell my car to a dealer” you fall on, you’ll want to take care of these steps:

  • Get your car thoroughly cleaned, inside and out. We suggest a full detail, which can be had for about $100 from many local places in your area.
  • Be sure to have all routine maintenance done, such as oil changes and tire rotations, done in advance of the meeting.
  • Be sure to check a resource like Kelley Blue Book or use our used car trade-in value estimator to get a fair value on your car as a negotiating tool.
  • If you’ve got major repairs that are needed, it might be advantageous to forego them rather than pay a premium to get them done. Hyundai of Hampton is able to fix cars in-house for a much cheaper price.

Sell Your Used Car to Hyundai of Hampton Today

Ready to get that car sold and want to do it the easy way? Hyundai of Hampton has you covered! We offer top dollar for used cars whether you’re looking to sell outright or trade in a used car you’re currently financing and have a great selection of both new and used cars. Contact us today to get started!

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