Blog

Salesperson and customer shaking hands and handing over keys

Have you been eyeing a new vehicle, or just tired of the vehicle you’ve been driving for the last few years? If so, now is one of the best times to sell your vehicle, as dealerships such as ours at Lexus of Royal Oak are in high demand for pre-owned vehicles, and will buy your vehicle at a terrific price. Why is it such a great time to sell? COVID-19 pandemic effects have greatly hampered the ability to build new vehicles, leading toward a shortage of available inventory, and thus the need for pre-owned vehicles from valued customers like you. Used vehicle availability is at a premium, and thus gives you the perfect chance to get a great deal on your vehicle, and get into something new. Follow along with us at Lexus of Royal Oak as we outline how the pandemic has affected the industry, the demand for used vehicles, and how greatly you can benefit by selling to our dealership.

Browse more of our popular blogs here:

We Need Your Vehicle!

5 Reasons Why Lexus Vehicles are so Reliable

5 Tips on Maximizing Your Vehicle’s Value

5 Ways Selling to a Dealership is so Easy

COVID-19 Pandemic, and its Effect on the Automotive  Inventory

The last year and a half has seen a great change in how people conduct their day-to-day life, but what hasn’t changed is people’s demand for vehicles and safe transportation. Unfortunately, mass vehicle production is at the whims of any other production entity in the world, needing an abundance of raw materials, dedicated factory work and reliable worldwide shipping. All three of these were greatly hampered and interrupted during the pandemic (and still are), with the semiconductor (an incredibly important computer chip needed in modern vehicles) shortage at the heart of new vehicle production stalls, pandemic restrictions affecting typical factory workflows and production, as well as a global shipping container shortage that makes worldwide shipping of these large vehicles extremely tough. This all adds up to why you’ll see less new vehicle stock available at our dealership, and across others, paving the way for a rise in used vehicle demand.

Overhead view of cars parked in parking spaces

A Rising Demand for Used Vehicles

With fewer new vehicles being produced, attention now turns to vehicles that have already been made, and years ago in our case with pre-owned vehicles. This has turned used vehicles into a hot commodity, where since there’s fewer new vehicles to sell, acquiring used options has become a primary focus for dealerships. That means that if you have a particularly desirable vehicle and it’s been well maintained, you could get a much greater price for it than you would’ve typically thanks to the real-world demands that have boosted its value. A greater valuation on your vehicle means in turn being able to more easily upgrade into something even better that you’ve had your eyes on, or potentially a few extra dollars in your savings account.

Make Selling Easy, & Sell to Lexus of Royal Oak

Not only are we here at Lexus of Royal Oak looking to buy your vehicle, but we also endeavour to make it the simplest and most convenient process you’ve ever come across. Our professional dealership environment invites you in for a complimentary, no obligation appraisal, where you don’t have to succumb to the frustrations of selling privately. We really do mean fast when we say it’s a quick process, as we can often get you a cheque on the same day. If you’re interested in selling your vehicle, there’s no better place to do it than at Lexus of Royal Oak.

Ready to sell your vehicle, whether for a quick influx of money or to upgrade into a newer model? Lexus of Royal Oak is the Calgary dealership for you, and in this time for high demand for used vehicles provides the best opportunity to sell and for you to get the most out of your sale. Contact us, today, to start the appraisal process and take advantage of the perfect time to sell your vehicle.