18021 Sky Park Circle # J2. Irvine, CA 92614
VISIT WEBSITE
18021 Sky Park Circle # J2. Irvine, CA 92614
VIEW INVENTORY
  
 

Is Now the Time to Sell Your Car? Industry Experts Think So

Is Now the Time to Sell Your Car? Industry Experts Think So

The car market has undoubtedly experienced some drastic changes over the last year. And you can take advantage of these changes by making more money when you sell your car. Here's everything you need to know about the current state of the car marketplace, why it's changed so much, and how you can profit from it.

Unheard-of New Ways People Buy Cars

If you're in the market to buy a new car - or truck, or SUV, or anything new that runs on wheels, there is a waiting game. The car market is experiencing an all- time low in new model production and drastic price increases, resulting in unheard-of car buying strategies.

According to the New York Times, people are traveling great distances to find the cars they want, giving up on bargaining, and paying higher prices. Also, there have been reports of people buying repaired cars after major crashes because of the shortage.

Why are new cars so hard to find?

The perfect storm of circumstances that accompanied COVID-19 and everything that followed resulted in new car shortages. The shortage results from the short supply of global electronic components, inflation, imbalance between supply and demand, soaring gas prices, and growing transportation expenses. Due to people's fear of catching the COVID virus, people gave up on taking public transit and started driving again.

Microchip Shortage

The lack of microchips that power the car's electronic components has had the most impact on new vehicle production. The auto manufacturers are waiting nervously for the microchips to finish their cars, and as a result, new cars sit idle on the factory floor.

War in Ukraine

The ongoing war in Ukraine is contributing to parts shortages at other automakers. The entire chain - from manufacturers to dealers to consumers - is stuck. Buyers are still waiting, not knowing when they can purchase their new vehicle.

What is the Impact of New Car Shortages?

Dealers who cannot replenish their new car inventory are also feeling the sting of the microchip shortage. This problem has led to longer waiting times (and growing wait lists) for customers looking to purchase a new vehicle. Buyers are waiting months for the delivery of their new car.

But even when you can find a new car in stock, there are downsides: high demand and low supply have been driving prices up. Buyers have been paying 40- 50% more than the MSRP for new cars, thanks to car dealers marking up prices.

It's not just new cars that are more expensive; even used cars continue to increase in price. Because used cars are more valuable, this is good news for someone looking to sell their car.

Increased Demand for Used Cars

More people are being pushed into the used car market because of new car shortages and rising costs. The need for cars also increased when many people stopped using public transportation and started driving in fear of catching COVID.

The continued demand has used-vehicle wholesale prices increasing again in mid-May, after three months of decline. The average used vehicle listing price hit $28,365, marking a record price.

People must pay a higher price as a result, and if you're looking to sell your car, you'll likely get more money in your pocket.


Affordable Used Cars are Hard to Find

Sales of new cars plummeted through 2013 because of the repercussions of the Great Recession from 2007 to 2009. Today, used car dealers have very few low- priced, older vehicles with high mileage.

The lowest-priced cars remain in the shortest supply. According to Newsweek, fewer than 1% of vehicles now sold are under $20,000 compared to 20% in 2016.

"If you have a car to sell, you could take a three-year-old car and you literally have no depreciation" Pat Ryan, CEO, and founder of CoPilot told Newsweek.

Here's Why it is Time to Sell Your Car Fast

Currently, there are so many buyers looking to purchase a pre-owned vehicle that the prices are at an all-time high. The continued demand has increased used- vehicle wholesale prices again as of mid-May, after three months of decline. The average used vehicle listing price hit $28,365, marking a record price.

The founder of CoPilot Pat Ryan said, "this is a great seller's market. If you are a seller, sell your car now."

How long will this trend last?

It's imperative that sellers act fast if they are looking to sell their cars now because experts are not sure how long this trend will last.

How can I check the value of my car?

You can visit the Kelley Blue Book to get an approximate value for your car. Keep in mind that car values can fluctuate daily and depend on many factors, such as the cars mileage, year, condition, and features. If you decide to sell your car, you can get a fast offer from BestBid conveniently online.

Sell Your Car Online and Get an Instant Cash Offer

Is your car taking up space in the driveway or you are not using it as much as you used to? If so, it might be time to sell your car.

But many people are hesitant to sell their car on their own because of the extra effort required to arrange a test drive and answer tons of questions. Fortunately, you can speed up the process and make it easier for yourself by using an online car buying service. They buy your car and handle all the details of the transaction.

Benefits of an Online Car Buying Service


There are many benefits of using an online service, like the convenience and fast cash for your car. You won't have to spend hours trying to sell your car on your own. Instead, you can focus on other things in your life and let a company like BestBid handle everything for you.

These services make everything as simple as logging on to your computer while you are sitting on your couch. Plus, you won't have to worry about your safety when meeting someone at a convenience store for a test drive.

BestBid Takes Care of Everything For You

BestBid will take care of everything, including the paperwork. The entire process is simple. They will provide you with an instant quote after you enter basic information about your vehicle, including mileage and condition. If you like their offer, they will arrange for the pickup of your vehicle entirely online. Better yet, they'll hand over your payment when they take your vehicle away.

Using an online car buying service is the best way to get the most money for your car with the least amount of hassle. You can visit BestBid to sell your car online today.

Sell Your Car Online with BestBid

The current automotive market has resulted in unprecedented prices for both new and used cars. Auto industry experts expect used car values to remain high in the coming months, and people can make a substantial amount of money when they sell their vehicles. However, you must act sooner rather than later if you want to maximize the value of your car. What are you waiting for? Sell your car online fast with BestBid, today!

Loan Calculator

Discover your monthly car payment
Price:
Down:
Trade-in Value:
Loan Terms:
Rate:
 
close
 

Privacy Policy

This privacy policy has been compiled to better serve those who are concerned with how their 'Personally Identifiable Information' (PII) is being used online. PII, as described in US privacy law and information security, is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website.

What personal information do we collect from the people that visit our blog, website or app?

When ordering or registering on our site, as appropriate, you may be asked to enter your name, email address, mailing address, phone number or other details to help you with your experience.

When do we collect information?

We collect information from you when you register on our site, place an order, fill out a form, Use Live Chat, Open a Support Ticket or enter information on our site.

How do we use your information?

We may use the information we collect from you when you register, make a purchase, sign up for our newsletter, respond to a survey or marketing communication, surf the website, or use certain other site features in the following ways:


How do we protect your information?

Our website is scanned on a regular basis for security holes and known vulnerabilities in order to make your visit to our site as safe as possible.

We use regular Malware Scanning.

Your personal information is contained behind secured networks and is only accessible by a limited number of persons who have special access rights to such systems, and are required to keep the information confidential. In addition, all sensitive/credit information you supply is encrypted via Secure Socket Layer (SSL) technology.

We implement a variety of security measures when a user places an order enters, submits, or accesses their information to maintain the safety of your personal information.

All transactions are processed through a gateway provider and are not stored or processed on our servers.

Do we use 'cookies'?

Yes. Cookies are small files that a site or its service provider transfers to your computer's hard drive through your Web browser (if you allow) that enables the site's or service provider's systems to recognize your browser and capture and remember certain information. For instance, we use cookies to help us remember and process the items in your shopping cart. They are also used to help us understand your preferences based on previous or current site activity, which enables us to provide you with improved services. We also use cookies to help us compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future.

We use cookies to:
You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your browser settings. Since browser is a little different, look at your browser's Help Menu to learn the correct way to modify your cookies.

If users disable cookies in their browser:

If you turn cookies off, Some of the features that make your site experience more efficient may not function properly.Some of the features that make your site experience more efficient and may not function properly.

Third-party disclosure

We do not sell, trade, or otherwise transfer to outside parties your Personally Identifiable Information unless we provide users with advance notice. This does not include website hosting partners and other parties who assist us in operating our website, conducting our business, or serving our users, so long as those parties agree to keep this information confidential. We may also release information when it's release is appropriate to comply with the law, enforce our site policies, or protect ours or others' rights, property or safety.

However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Third-party links

Occasionally, at our discretion, we may include or offer third-party products or services on our website. These third-party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

Google

Google's advertising requirements can be summed up by Google's Advertising Principles. They are put in place to provide a positive experience for users. https://support.google.com/adwordspolicy/answer/1316548?hl=en

We use Google AdSense Advertising on our website.

Google, as a third-party vendor, uses cookies to serve ads on our site. Google's use of the DART cookie enables it to serve ads to our users based on previous visits to our site and other sites on the Internet. Users may opt-out of the use of the DART cookie by visiting the Google Ad and Content Network privacy policy.

We have implemented the following:
We, along with third-party vendors such as Google use first-party cookies (such as the Google Analytics cookies) and third-party cookies (such as the DoubleClick cookie) or other third-party identifiers together to compile data regarding user interactions with ad impressions and other ad service functions as they relate to our website.

Opting out: Users can set preferences for how Google advertises to you using the Google Ad Settings page. Alternatively, you can opt out by visiting the Network Advertising Initiative Opt Out page or by using the Google Analytics Opt Out Browser add on.

California Online Privacy Protection Act

CalOPPA is the first state law in the nation to require commercial websites and online services to post a privacy policy. The law's reach stretches well beyond California to require any person or company in the United States (and conceivably the world) that operates websites collecting Personally Identifiable Information from California consumers to post a conspicuous privacy policy on its website stating exactly the information being collected and those individuals or companies with whom it is being shared. - See more at: http://consumercal.org/california-online-privacy-protection-act-caloppa/#sthash.0FdRbT51.dpuf

According to CalOPPA, we agree to the following: Users can visit our site anonymously. Once this privacy policy is created, we will add a link to it on our home page or as a minimum, on the first significant page after entering our website. Our Privacy Policy link includes the word 'Privacy' and can easily be found on the page specified above.

You will be notified of any Privacy Policy changes: Can change your personal information:
How does our site handle Do Not Track signals? We honor Do Not Track signals and Do Not Track, plant cookies, or use advertising when a Do Not Track (DNT) browser mechanism is in place.

Does our site allow third-party behavioral tracking? It's also important to note that we allow third-party behavioral tracking

COPPA (Children Online Privacy Protection Act)

When it comes to the collection of personal information from children under the age of 13 years old, the Children's Online Privacy Protection Act (COPPA) puts parents in control. The Federal Trade Commission, United States' consumer protection agency, enforces the COPPA Rule, which spells out what operators of websites and online services must do to protect children's privacy and safety online.

We do not specifically market to children under the age of 13 years old. Do we let third-parties, including ad networks or plug-ins collect PII from children under 13?

CAN SPAM Act

The CAN-SPAM Act is a law that sets the rules for commercial email, establishes requirements for commercial messages, gives recipients the right to have emails stopped from being sent to them, and spells out tough penalties for violations.

We collect your email address in order to:
To be in accordance with CANSPAM, we agree to the following:

If at any time you would like to unsubscribe from receiving future emails, you can email us at and we will promptly remove you from ALL correspondence.

Disclaimer

Whilst every effort has been made by BestBid to accurately describe this vehicle, its' options and equipment, pricing, mileage, warranties and incentives; it is the customers responsibility to verify the information listed. You agree to hold BestBid harmless for misprints on prices or general information about this vehicle. By using our website you agree that BestBid has the right to cancel a sale or a promise of a sale if that sale is based on an incorrect price.

Pricing does not include government fees and taxes, state and/or local taxes, smog fees, any finance charges, any dealer document preparation charges, emission testing charge, registration or title fees. Depending on the age of the vehicle, normal wear and tear should be anticipated. Prices are subject to change without notice. While we do our best to describe our vehicles accurately, some descriptions and / or images provided by third parties may differ from the actual information or appearance of the vehicle. BestBid assumes no liability for omissions or errors in this vehicle listing and encourages prospective buyers to verify the information by contacting us or viewing the vehicle at our dealership. All finance offers are O.A.C (On Approved Credit) / O.A.D (On Approved Deposit).

Our payment calculator tool is provided as an estimator of your payments only and your actual payment may differ from that shown.