Reasons to Sell or Trade Your Car Now

The pandemic changed the way people live, work, and drive. On average, people are driving 20% to 30% less than they did pre-pandemic, and urban people are driving 45% less than they did in 2019.

If you work from home and find yourself driving less than ever before, it might be time to sell your car.

Here are some tell-tale signs that you should sell or trade your car.

The Value of Used Cars Has Increased Significantly

Used car prices are 42% higher than they were in quarter one of 2020, and the average price of a used car is $26,000 .

Even though your car is a year older, you can get a lot more money now when you sell or trade your car than you could 18 months ago.

Whether you downgrade to a smaller car or choose not to replace your car, you'll walk away with a significant amount of money in your pocket.

If you use a reputable used car dealership like ALM Cars , you'll get the best deal and walk away with the most money possible. Plus, if you're looking to trade, ALM Cars offers a huge inventory of quality new and pre-owned vehicles at great prices.

Gas Prices Are Surging

Gas prices are up a staggering 35% since the start of 2021, and experts believe the elevated gas prices will last into 2022.

Even if you're driving less, you could still be paying more at the pumps for gas. This impacts your family budget at a time when many families are already struggling to make ends meet.

If you're on the fence about whether or not it is time to sell your car, the increase in gas prices might be the last sign to convince you it is time to sell.

You Don't Need to Drive to Maintain Your Lifestyle

Many urbanites can make do without a car. They can walk to get groceries and are working from home. With grocery and meal delivery services, many people who live in the suburbs don't have to rely on a car like they used to.

If your car has a layer of dust on it, now may be the right time to sell or trade your car. The money you get from selling your car in this market will more than pay for the extra Uber rides you'll occasionally need to take.

Conclusion

The new car market is facing huge supply chain issues.  The lack of car chips will result in a $210 billion loss to the global car industry.

The lack of new cars on the market is what is driving the price of used cars up.

If you've been on the fence about whether or not to sell your car, now is the time.  Opportunities like this don't come around very often, and you have to take advantage of them.

For the quickest and easiest way to sell your used car, contact a reputable used car dealership like ALM Cars .  You'll get a good deal without the hassle of trying to sell your car yourself.