The Price Hikes for New and Used Cars Are Sweeping The Nation.
Car dealerships are seeing a surge in the prices of used cars Belfast wide. The first eight months of 2021 showed the average cost of used cars throughout the UK had risen by 16.6%. As the prices of used cars have risen to unprecedented levels, drivers are now paying more money than ever before to purchase a second-hand vehicle.
Buying a used car in 2021 has never been more daunting, however the team at Car Lovers will explain the circumstances behind the price hike in used cars, the why and how.
The Rise in New and Used Car NI Prices During the Pandemic
Throughout the covid-19 pandemic cars were in high demand as people were wary of using public transport and key workers were purchasing cars to make their journeys to and from work easier. However, now that the lockdown restrictions are slowly lifting, the demand for used cars is just as high as it was in the height of the pandemic.
As we were restricted in what we could do during the lockdown, many people have been able to save more money in their bank accounts as they didn’t spend it on eating out regularly, going on holidays or socialising with friends. This has given people the ability to spend money on larger investments, such as paying a deposit for a mortgage or buying a used car.
At Car Lovers we understand that purchasing a used car is a commitment that requires a lot of thought. If you are considering purchasing a car, check out our dealerships page to browse used cars near you.
The Demand for Used Cars NI: Global Semiconductor Shortages
Throughout the past year and a half, the car industry has faced the uncertainty of Brexit and the pandemic. However, in 2021 car manufacturers have now been forced with the global shortage of semiconductors.
As a result of this shortage a number of leading car manufacturers, including Ford, the Volkswagen Group and Jaguar Land Rover, have been forced to stop production. This has led to a smaller supply of new cars, which means that car buyers are now purchasing used cars from dealerships to replace their existing vehicles.
Although the prices of used cars have risen dramatically as a result of the chip shortages, buyers have not been put off from upgrading their existing model. Dealerships are facing customers who want to purchase more expensive models with better features.
Purchasing Used Cars in 2021
If you are interested in replacing your current vehicles, Carlover advertise used cars from major brands in dealerships across Northern Ireland. No matter where you are based or what your requirements are, Car Lovers will have something to suit you.
Click any of the buttons below to begin browsing:
Purchasing a used car in the current climate can be confusing, especially when you consider the different types of brands available, their features and what the car will be used for.
If you are looking for advice on what car would be the best for you, Car Lover is the right place for you with the ability to search for family friendly cars, performance cars and first time buyer cars, the process could not be simpler.
We pride ourselves on not only our wealth of experience in this market, but on serving our customers and making their journey of buying a used car an enjoyable one that they recommend to others. We have built many strong and trusting relationships with used car dealerships across the country and it prides us to share those with you.
If you are looking for more information, such as how many miles a used car should have, a quick checklist for used cars, read more or browse our Trusted Car Dealerships Northern Ireland below:
