Buying a Vehicle in Tampa Bay

TAMPA BAY, Fla .– Auto dealers admit it’s not the best time to buy a new car. New models are scarce due to a global supply chain shortage.

The lack of electronic chips used in vehicle manufacturing is hampering automakers.

Auto analysis company Cox Automotive is forecasting 13 million new vehicle sales in the United States last month. This is almost three million less than in November 2020.

“I’ve never seen anything like it,” said Brian Draggors, general manager of Imperial Motorcars in Pinellas Park, Fla. “It’s very difficult.”

Draggors sell used vehicles at Imperial Motorcars.

Fewer vehicles in the pipeline translates to fewer vehicles on its land.

“If you look at the field, we probably have around 15 cars on hand, right now we usually have around 25 to 30,” Dreggors said.

Dredgers and other used car dealers rely on new car dealership auctions for their vehicle inventory, but now the big guys are keeping valuable used vehicles to themselves.

“Everyone just keeps the good cars they own,” said Lou Taliercio, owner of Tampa Bay Auto Network.

Taliercio has less than half of its inventory in the showroom of its Ybor City dealership. He says the cars offered at auction are not worth the premium prices for what they buy.

“The selection is just not there,” he said.

Now, his favorite way of working is dealing directly with the client.

“Private sellers are looking for a place like us to sell their cars,” Taliercio said.

And for good reason.

According to Cox Automotive’s Manheim Index, used car prices jumped nearly 45% last month compared to November 2020.

“They are getting money that they never dreamed of getting for their cars these days,” Taliercio said.

“Unfortunately, we have to pass that price on to our own retail price,” Dreggors said.

This is something Dreggors tells every buyer who walks into their lot or walks to their door with their own vehicle to sell.

Dregoors paid $ 500 more than market value for the used car buyer Alex Combs’ 2011 Mazda, so his five-month search for his dream Jeep Wrangler may finally be over.

“The market lately, I had no idea it was so over the top,” Combs said. “I was lucky.”

Dreggors does not expect the market for new vehicles to normalize until late 2022 or early 2023. He advises vehicle owners with cars one to two years old to consider selling their vehicles and cashing in on their vehicles. ‘they can spare it.

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