Have you heard about the new auto supply chain problems in the United States? Perhaps you have seen the photos on social media of parking lots full of new autos that are not ready for sale. Or you may have heard about the problem on the national news.
Before we tell you the good news from HiLo Auto, let’s look into what is behind the current auto supply chain problems.
The broken supply chain for computer chips has impacted the new auto market. The parked new cars and trucks, shown in social media photos, are all waiting for computer chips. Without the chips, the autos will remain parked as the calendar flips to a new year.
Many of the features that drivers want in their cars and trucks are activated and maintained with a computer chip, such as navigation and backup displays.
But the chips also play a vital role in essential auto functions such as anti-lock and emergency brakes. They also read the amount of pressure on the gas pedal. Until the chips become available, new autos will remain parked.
A shortage of new automobiles has lead to pressure on the overall market.
As the COVID-19 pandemic spread across the world, chip manufacturing facilities closed. Chip components are out of distribution.
At the same time, we all quickly shifted to a Work From Home environment. The available chips were moved to cover the surge in sales of personal technology such as laptops and tablets.
The new automobile industry took a double punch.
When there is a missing link in a supply chain, the loss vibrates across the market. We see the impact in the used car market.
Buyers who planned to purchase a new auto this year have shifted their focus to late-model used vehicles. Combine those buyers with those who budgeted to buy used, and the market quickly became flooded with buyers.
The impact includes a shortage of used auto inventory and a price increase. But we do have good news in the DMV region.
We have good news for you if you are in the DC, Maryland, or Northern Virginia region. We have used vehicles in stock. Here are 5 points of positive news:
Remember the family road trip? Many are hitting the road to explore and to visit family and friends. Before you hit the road, make sure that your vehicle is ready for the trip.
Preparing your vehicle for a road trip helps ensure a safe trip and adds to the enjoyment of the journey. Here are ten tips from the HiLo Auto Team:
You may realize that your current auto is not a perfect fit for your family or your lifestyle during your road trip. Note what is not working for your family and add the items to your future Auto Wants & Needs List. If you list your ideal Wants & Needs for your next auto purchase, the HiLo Auto Team can assist with your search.
Contact any of the three HiLo Auto locations in Maryland and schedule an appointment. Let our sales team know that you would like to trade up your used auto. Bring your Wants & Needs List with you to the dealership, along with your trade-in vehicle.
Are you heading back to the office this Fall and re-starting your commuting routine? Here are some helpful tips if you are out of practice with the DMV region's workday commute routine.
If it is time to consider trading in your current auto or purchasing a commute-specific car, make a list of all your wants and needs. Browse our recent blog posts for tips and up-to-date information on the used auto market in Maryland.
A HiLo Auto specialist is ready to help you find your next car to improve your commute and save you money.
It may be time to trade up your used car. Perhaps a different used vehicle will fit your current needs, or your financial situation has recently changed. One of the first steps to trading up your current vehicle is to prepare it for the trade.
Prepare your auto for trade before arriving at the dealership. Follow these 7 steps and present your car at its best for trade evaluation.
Often, knowing why you want to trade up your auto is the first step to finding the vehicle that fits your needs and wants.
Take the time to make a list of the reasons that you want to trade up your vehicle. Perhaps, you want a car with better gas mileage for your daily commute. Or maybe your family is growing, and you need more room. Your financial picture may have changed, and you may be ready for a vehicle that includes some "wants."
Contact any of the three HiLo Auto locations in Maryland and schedule an appointment. Let our sales team know that you would like to trade up your used auto. Bring a list of your wants and needs with you to the dealership, along with your trade-in vehicle. We will review your list and inspect your vehicle.
Now, it is time to test drive your next vehicle!
As we head into the second half of 2021, the demand for used vehicles is outpacing the supply. Our team is working hard to continue the quality inventory that makes HiLo Auto your Maryland resource.
In our blogs, we often compare Wants vs. Needs while looking for your next used vehicle. While you will find a car that fits all your current needs, you may need to think outside the box to fit your wants.
First, a "need" is a feature or benefit you must have in your next auto. Such as 4 doors to accommodate your growing family, or a truck that will be used to expand your business. A “want” is a feature that enhances your ownership experience. Perhaps it is a sound system, blue tooth, or GPS.
To build an auto that fits your current needs and wants, you may want to look at aftermarket products. Now, we take a look at the latest finds.
In this blog, we are not writing about available aftermarket parts and maintenance needs. This is a blog about the latest trends in auto upgrades. You may need to hire a specialist to install some upgrades, but others can be installed at home, right out of the box.
Here are some of the top ideas and products to personalize your used vehicle:
Yes, the used car market is tight across the nation. But remember that a new car loses up to 50% of its value in the first three years. Although you may need to think outside the box, a used car is still a good value.
Add aftermarket features to create your perfect used car. Take a look at our online auto inventory and see if you can find a vehicle to fit your wants and needs.
Have you noticed a change in the Maryland used car market? We have. Maryland, and across the nation, is experiencing a surge in used vehicle sales. Stimulus checks, side-gig money, and a shortage of new cars have spurred an increase in the sale of used vehicles.
If you are looking for a used car, we provide some Hi Lo Auto Sales tips in this blog.
To find a used car, you need to do your homework. Here are a few tips from the sales team at Hi Lo Auto Sales:
There is one fact that always remains true in economics. When the supply goes down, prices go up. During the COVID-19 crisis, new car inventories fell across Maryland and beyond. As the stock of new cars fell, buyers shifted to the used vehicle market. Prices of used inventory are on the rise.
As prices go up, you may find that the car that fits all your wants is just out of your budget. Remember, some of your wishes can be obtained in the aftermarket. Perhaps, you can add a new sound system, a trailer hitch, a new truck bed liner, or a trunk organizer after your purchase. Your focus may need to be on your “Need List” this year.
Do some preliminary homework and let your sales professional assist with finding used vehicle options to fit your needs. A used car professional can often find you the perfect match and provide services beyond an internet-based experience.
If you are looking for a quality used car in Maryland, be sure to browse our online car and truck inventory. We have four Maryland locations to serve you, Cockeysville, Ellicott City, and two in Frederick. So how can we help you?
As the economy bounces back from the COVID 19 crisis, you may find that it is time to invest in a business vehicle. A used car, truck, or van may fit your needs, over purchasing a new vehicle or leasing.
Before visiting HiLo Auto, here are a few steps to take to prepare for your search and purchase.
Although the trained staff at HiLo Auto is ready to help you find the perfect vehicle, purchasing for a business is different from buying a personal car. So, we put together a list of tips to review before starting your search.
Once you review our 5 tips and have made a list, get in touch with our trained sales team. Review your list with our team and set an appointment to test drive vehicles that fit your list.
If possible, bring a co-worker or team leader with you to test-drive vehicles. For example, if the vehicle will transport a team to a job site, bring the team leader. During the test drive process, a second opinion is helpful.
Once you find a collection of vehicles that match your needs, it is time to make that second call to your insurance agent. Review the autos with your agent and get a quote. If you are acquiring a business loan to make the purchase, you also want to reach out to your lender or work with our team.
The HiLo Auto sales staff will be ready to help you finish the transaction.
If you are looking for a quality used car in Maryland, be sure to our inventory of used cars and trucks. We have four Maryland locations to serve you, Cockeysville, Ellicott City, and two in Frederick. So how can we help you?
Many in the DC, Maryland, and Virginia (DMV) region have been working from home for over a year. As WFH transitions into a hybrid work environment or even an office environment, many find themselves preparing for the daily commute. It has been a long time, and many things have changed. For example, have you noticed the increase in the price of a gallon of gas?
Is your car commute worthy? Now is the time to review your options.
Autos for the Commute to Work
Recently, we have blogged about cars and trucks for weekend fun and adventure. Still, it may be time to also discuss your workweek commute. You may be driving all the way to your office or to a public transportation hub. Either way, it's time to review the HiLo Auto checklist.
(If you are still looking for your perfect weekend adventure auto, browse through our recent blogs)
Use our HiLo checklist to review the viability of your current car or as a pre-shopping checklist.
If it is time to shop for a commuter car, make a list of your wants and needs. If you are a staff member that must get to work in all weather conditions, a 4WD auto may need to be placed on your "needs" list. A great sound system to listen to your favorite tunes is a "want." It is essential to know the difference before shopping for any auto.
Perhaps you are a sales representative that needs to carry supplies in a roomy trunk, or you may be planning to carpool to work. Or do you need a car that is easy to park?
Before starting your search, make a list of your Wants vs. Needs. Then, bring the list with you to any of the three HiLo Auto locations in Maryland. Our sales team can help you find the perfect commuter car to fit your needs… and your wants.
If you are looking for a quality used car in Maryland, be sure to browse our used vehicle inventory. We have four Maryland locations to serve you, Cockeysville, Ellicott City, and two in Frederick. So how can we help you?