Dealers are facing a massive inventory shortage as a result of the global chip shortage. This has been estimated to last well into 2022/2023. Customers must adjust their car acquisition process, which is detailed below.
High-volume dealers that used to have 200 vehicles in stock are now 8-10. On-ground stock are being heavily marked up, following the basic laws of supply and demand. Luckily, there are ways to get a discount, but this requires for customers to change their purchasing approach. Customers now have to place orders in order to have substantial savings on their purchase/lease.
Is there a way around these mark-ups? Yes, by placing an order and waiting!
The downside? It can take between 4-12 weeks for a car to arrive. The benefit of ordering a car is not just in the discount but it gives the customers the ability to build a car to their exact specification. Customers no longer have to settle for unwanted or lacking features.
If you have an expiring lease, and you don’t plan on buying out the vehicle, then be sure to plan ahead and order a vehicle in advance, so you’re not stuck paying thousands of dollars above MSRP. As they say, immediate gratification can be costly.
For cars purchased/leased through DistrictLeases, we guarantee 100% transparent and upfront pricing providing every detail of your purchase BEFORE you make any commitment — all without leaving your home or visiting one of our network dealerships.