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It’s no secret that currently the automotive industry is suffering a chip shortage, and it’s got a lot of people wondering if it’s a good time to buy a car. From the limited creation of new models to the sky high demand for used cars, it’s got people everywhere looking at the market and wondering if now is the right time to upgrade. The team at Lum's GMC is here to help make it easier and take some of the pressure off if you’re questioning “Is now a good time to buy a new car” or “Is now even a good time to buy a used car in Salem?” Learn more below and feel free to ask us more questions.
Is now a good time to buy a new car, considering the higher sticker prices? Yes! Why? Because while car prices have gone up, so have trade-in values. That means you can expect to get much more for your trade-in. According to Kelley Blue Book, “there has never been a much better time to sell or trade-in your car than right now during this strong seller’s market.” When you combine a high trade-in offer with our new vehicle specials, it can be smart to buy a car now for your Newberg commute.
Is the situation any different for pre-owned cars? Is now a good time to buy a car if it’s used? Since new car supply is short of demand, many drivers have chosen to buy used, increasing demand and, therefore, prices to go up on used cars as well. But now can still be a good time to buy a used car, for the reasons we listed above for buying a new car. Trade-in offers are the same whether the car is being traded for a new or used vehicle. You can also take advantage of our used car specials.
No one has a crystal ball that can predict when it is now a good time to buy a new car, as we have no idea when prices will go up or down. But what we can do is help Hillsboro drivers to find the right model for them. Our finance department will work with you to get you on the road in the car that works for your budget.
2023 GMC Sierra 1500 Trim Levels Looking for a light-duty pickup truck that offers Yamhill County drivers with best in class diesel horsepower and torque, while also being the most luxurious in its class? Then it sounds like you’re looking for a 2023 GMC Sierra from Lum’s Buick GMC in McMinnville. The GMC Sierra 1500…
History of Chevrolet and GMC General Motors was founded in 1908, and would go on to merge with Chevrolet Motor Company in 1918. General Motors still owns Chevrolet to this day and doesn’t seem to be going anywhere, anytime soon. Chevrolet offers vehicles from trucks to SUVs and Subcompact cars. GMC only offers SUVs and…
The new GMC Sierra HD is getting pretty popular around Salem job sites. That’s likely due to the impressive GMC 3500 towing capacity. How much can a GMC Sierra 3500 tow? The 3500 is capable of towing an unbelievable 36,000 pounds when equipped with a diesel engine and a fifth-wheel, and 16,530 pounds with…