Vehicle Market Trends to Keep an Eye Out For

As we all know, trends come and go, and vehicle trends are no different. If you are shopping around for a new car near Ephrata, then the chances are that you might have noticed some themes. But, if not, let us fill you in on what you need to know.

New Inventory is Tight

Despite people choosing to act frugally right now amid the current economic situation in the United States, inventory remains tight. We usually see fewer people shopping around for things that are not necessities during tough financial times. However, at the Mercedes-Benz of Lancaster, we have seen a boom in showroom foot traffic; customers from East Petersburg to right here in Lancaster, PA, are all looking for a new car. With this crowd of people coming on by to shop for their dream Mercedes-Benz, inventory here and throughout the country is tight.

The Used Car Market is On Fire

New cars and used cars alike are selling at record speed. We saw the used car market warm-up last summer, but this summer, we can expect the demand for used vehicles to continue to skyrocket. Many of our pre-owned cars here at Mercedes-Benz of Lancaster are figuratively flying off the shelves. As the weeks and months go on, we expect to see a continual increase in car buyers scouting out pre-owned vehicles.

Increased Demand, Limited Supply

With both new and used cars in demand, cars are selling faster than supplies can get replaced. The result has been an increase in demand for vehicles near Lititz with limited supply. Car buyers can avoid missing out on some of their favorite Mercedes-Benz by visiting the Mercedes-Benz of Lancaster.

So far, 2021 has shown us that the need and desire for both new and used cars are at an all-time high. With that said, we recommend stopping by the Mercedes-Benz of Lancaster to shop for your next vehicle. If you have your eye on a specific model or have a few in mind, come by and go for a test drive! With these market trends, that car you have your eye on could be here one day and gone the next. Secure your dream car by visiting the Mercedes-Benz of Lancaster showroom today!