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Will used car prices drop in 2022?

The outlook is for a better used car market in the second half of the year and the beginning of 2023. But will used car prices really go down? Find out here!

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Used car prices increased in 2021, will they decrease now?

Saiba se os preços dos carros usados vão baixar! Fonte: Adobe Stock.
Find out if used car prices are going down! Source: Adobe Stock.

Okay, throughout 2021 the automotive market faced several problems due to the pandemic. This raised car prices, including pre-owned and used cars. But will the price of used cars go down in 2022?

Among the difficulties, we can highlight the constant shutdowns and the global crisis in semiconductor production.

Because they are responsible for the operation of many devices found in vehicles, especially the multimedia systems that equip cars nowadays.

Furthermore, in addition to the problems faced by automakers, there was also a shift in consumer habits, partly due to the pandemic.

Many people have come to need a car so they don't have to depend on public transportation or ride-hailing services.

Therefore, given all these reasons, prices have increased significantly, as demand has become greater than supply.

Therefore, many consumers had to postpone their dream of buying a car for a while, waiting for prices to drop.

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Will buying a used car be worthwhile in 2022?

Descubra se vale a pena investir em um carro usado. Fonte: Adobe Stock.
Find out if investing in a used car is worthwhile. Source: Adobe Stock.

Well, as we've seen, the prices of new cars continue to rise for the reasons mentioned above.

Car manufacturers are producing less while maintaining profitability. They are directing incoming parts towards specific versions and models that are selling more.

Therefore, we will not have a fully normalized production situation in 2022.

Therefore, buying a used vehicle is an increasingly attractive option for many buyers with a limited budget.

Furthermore, due to advances in technology and manufacturing, the models used today are more reliable than ever.

So, if you're thinking about buying one, next year might be the best time.

However, you should still do your financial planning to know what you can realistically afford. That way, you won't have headaches after closing the deal.

Some tips when buying

But you need to pay attention to some necessary details if you really need to buy a car in 2022.

First, don't fall into the temptation of buying based solely on emotion; you also need to use a little reason.

So, research the widest possible range of options. Look for brands and models where you'll have the most negotiating power.

Also, find out the vehicle's history. Whenever possible, take a test drive to discover its true condition.

If you still feel it's necessary, ask a mechanic you trust for their opinion.

Should I buy from a dealership or a private seller? How do I find what I want? These are questions everyone asks.

Ultimately, opinions vary, with some arguing against buying a used car, while others believe it's worthwhile because it's more economical.

Market trends for used cars: will prices go down?

Mas, afinal, o preço dos carros usados vai baixar? Fonte: Pexels.
But will the price of used cars actually go down? Source: Pexels.

Therefore, given so many variables to analyze, we will help you with information about the trends in the used car market for 2022. Read on.

In fact, by 2022, it is estimated that more than 39% of all sales will be used vehicles.

So, if you're really thinking about buying, rest assured. You're not alone!

A survey indicates that 951,300 of those interested in buying or trading in a car intend to do so in 2022.

Another study shows that January 2022 was the worst month in terms of sales volume since 2017.

So, consumers should ask themselves if prices shouldn't actually start to go down.

In fact, the average cost is expected to decrease by approximately 3%.

This shows that buying in 2022 should be cheaper.

And what do market experts say?

Very well, market experts believe that the best time to buy should be in the second half of 2022 or the beginning of 2023.

Because the production of new cars tends to normalize, prices may start to fall, and you may find better opportunities to get a good deal.

Ultimately, the current situation involves low inventory levels at dealerships, coupled with a shortage of components and the seasonality of this period.

Furthermore, consumer credit for financing has been restricted by high interest rates, which is causing a loss of income at this time.

So far we only have speculation about the behavior of the automotive market during 2022, and it's difficult to know for sure what will happen.

Moreover, because it involves a number of variables, the FIPE table itself can undergo significant price changes. 

Therefore, given all these conditions, what we see is consumers losing interest in buying, or waiting for prices to drop at some point.

Therefore, for now we need to wait and see how the market will behave in the coming months.

Because if sales remain low, automakers will likely start offering better conditions to boost sales, rather than being left with unsold vehicles in their lots.

Conclusion

Ultimately, buying a used vehicle isn't always an easy task. It's not cheap, and you might encounter unpleasant surprises after closing the deal.

But take your time researching, as there are many options you will find, whether at dealerships or directly from a private seller.

Alternatively, you could consider buying a car at auction, which is also a good purchase option, offering advantageous prices below market value.

Therefore, always keep an eye on your budget, so you don't make a deal driven by emotion.

Take the necessary precautions, following some of the tips we gave above in the article. You will certainly find the car you are looking for, in conditions that meet your expectations and needs.

This way, you'll leave satisfied and driving without worries the vehicle you've always dreamed of having in your garage.

If you think auctions can be a good opportunity to acquire your used vehicle, check out more information below about Edgar Carvalho Leiloeiro, where you can find a wide variety of offers to close the best deal. Check it out!

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Edgar Carvalho Auctioneer: How to register

At Edgar Carvalho Auctioneer's office, you'll find a great opportunity to acquire your used car: find out how to buy!

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