Is Now a Good Time to Buy a Car?

If you’re looking to buy a brand new car, is now the perfect time to do so? Back in December, car prices started to go down after being at a peak high. With a lot of changes happening over the past year, now might be a great time to consider purchasing a new vehicle at your local Toyota dealership.

In March of 2022, the average cost of a new car sold was around $45,900 at dealerships. This comes after the third month of a straight decline in the price of new cars, with used car deals seeing a dip as well to around $27,250. Dealers are starting to get nervous about their inventory and are looking to make sales with those who are willing to purchase a car soon.

Are you trying to buy a vehicle sometime soon but not sure if you’re not jumping the gun? Continue reading to learn if now is the best time to buy a car! You’ll want to know everything you can before making your next big purchase.

Why Is Now a Great Time for Buying a Car?

There are a number of things happening in the market currently that will greatly influence anyone’s decision to buy a car now or later. Whether you’re looking at a brand new car or a used vehicle, getting a car now will be a better decision than making the purchase later.

Supply chain issues are always going to drive the price of new cars up, mostly because it takes longer and is more difficult for suppliers to fulfill inventory. Buying a brand new car now will let you get the first crack at deals happening now before prices begin to rise again.

Used Car Sales and Deals

While used-car supply is limited, things are improving slightly. However, the price of used cars is predicted to increase as time goes on and the seasonal demands change throughout the year. This means you’ll see fewer sales as more people start to get out there and purchase cars or other big items.

Getting a used car now as opposed to later is a better way of getting ahead of any rush to come, as well as before a spike in prices. Depending on the dealer you visit, the increase in used inventory might contribute to the increase in price.

Other Key Moments for Buying a Vehicle

There are a few days during the year that are prime time for purchasing a car. Three-day weekends are great choices to visit a local dealership for some of their best sales. Memorial Day and Labor Day are solid examples of this where you’ll see a lot of sale alerts for new and used cars.

This might be more difficult for some people as the year goes on and things begin to change. But you will still be able to find some pretty good sales regardless.

Buying a Vehicle at Your Toyota Dealership

If you’ve read through our overview on buying a car now, you’ll be able to make an informed choice to head to your Toyota dealership and get a head start on the best sale currently happening. Instead of hesitating and letting prices go up, you may be able to buy a car at the best possible time now.

Looking for more great deals on buying a car? Head to Universal Toyota’s website for the latest deals and specials on new and used cars. You’ll find some of the best offers at the home of the real deal with enticing prices on all Toyota models.