Sierra Blanca Motors | Ruidoso, NM
Sierra Blanca Motors is a local family-owned dealership serving the areas of Ruidoso, Roswell, Alamogordo, and the surrounding New Mexico communities. As a trusted family-owned dealership, we offer residents new and pre-owned vehicles, plus auto services and parts. Our 50 years of experience and excellent customer service makes us the best choice for finding your next vehicle.
We have noticed some indicators that vehicle availability is improving compared to the past few years. Keep reading to learn how this year's situation compares to the past two years and what you can expect when purchasing a pre-owned or new vehicle.
Vehicle Availability Situation in 2023 vs. Inventory Issues in 2021-22
The COVID-19 pandemic severely affected many people's car buying habits. For two years, an inventory shortage, labor difficulties, and supply chain problems made vehicle purchasing inaccessible for many. Anyone wishing to purchase a new vehicle had to wait or pay higher prices. In 2023, the supply chain has recovered, and this may be the perfect year to finally buy the vehicle of your dreams.
The microchip shortage and hardships obtaining multiple automotive parts are behind us, and manufacturers have returned to pre-pandemic supply. Prices were much higher in 2021-2022 because of the demand, but now prices may go down to match the greater supply in 2023. Car shoppers can take advantage of the large inventory and get a car at a reasonable price or a better deal.
People were also favoring pre-owned over new cars because of the more affordable prices.
Signs That Vehicle Availability Is Improving
At Sierra Blanca Motors, we keep up with industry developments and follow automotive updates closely. We have seen a few signs that vehicle availability is improving this year. These positive signs for the industry in 2023 and moving forward include:
- Better deals on new Jeep, RAM, and Chevrolet vehicles
- Increased production and greater inventory
- Retailers receiving more deliveries
- Vehicles sitting on the lot longer
However, inflation is still ongoing, and this may affect vehicle pricing for some time. While there are increased vehicle options for buyers to choose from (pre-owned, new, electric), getting a good price on your car may depend on the brand, model, and condition. Fortunately, the team at Sierra Blanca Motors can find you an excellent vehicle that serves your purposes and you'll love driving.
Impact of Pre-Owned Vehicle Availability on New-Vehicle Pricing
The demand for more pre-owned vehicles is due to the shortage of new vehicles we've experienced for the past two years. Experts predict that prices of pre-owned cars will decrease by 10% to 20% in 2023 as the market adjusts. Shoppers who are in need of a car, new or pre-owned, might benefit from making their purchase now and will see moderate drops in price throughout the year.
At Sierra Blanca Motors, Jeep, RAM, Chevrolet, and other top manufacturing brands are available in our pre-owned inventory. You can purchase pre-owned or new cars from our trusted dealership and receive recommendations from our experienced staff members. Now that prices are dropping steadily, you can expect better conditions for car inventory and pricing in 2023.
Return to Normal for the Car Market
The car market is mostly returning to normal and bouncing back from the difficulties it faced during two years of pandemic-related conditions. Inflation is still high, so prices will not be sharply dropping yet, but the more available inventory means the market is trending back toward pre-pandemic supply and prices. The volume of vehicles available will improve in time, along with pricing.
Consumers still may hold off on purchasing cars because of financing or the high prices in many cases. When consumer confidence improves, we will also see more car purchases. There is hope that in 2023, positive changes to the car market will motivate sellers and buyers.
Find Your Next Vehicle at Sierra Blanca Motors in Ruidoso, NM
At Sierra Blanca Motors, we are the top choice for Ruidoso car dealerships because of our experience in the industry, skilled specialists and technicians, and personable customer service. Now that vehicle availability is improving, come visit our family-owned dealership and find your next new vehicle.
Our friendly staff can help you find the best new or pre-owned vehicle for your needs, whether you want to shop at Sierra Blanca Motors for a Jeep, RAM, Chevrolet, Chrysler, or another brand. For a personal and simple car buying experience, contact us today.
