June 2017
Recommended Maintenance

Six outside influences that impact vehicle sales

The 2017 Tacoma has the best resale value of any other mid-sized truck. It comes in six models, from the extended cab SR workhorse to the high performance TRD Pro Crew Cab. Not mater which one you choose; all possess the trademark Toyota quality and performance.

Across all six models, you will find two engine sizes, and four-wheel drive is available for all. Both manual and automatic transmission are offered as well. The exterior is tough, sporty, and sophisticated. Inside, the Tacoma is built to be used with rugged materials that don’t compromise comfort or visual appeal.

It has 6,800 lbs. of towing capacity and is just as much a technological wonder as any other vehicle on the road. It has a standard GoPro® mount, back-up camera and available Qi-compatible wireless charging. It also has available Entune™ Audio system and comes with Blind Spot Monitor and Rear Cross Traffic Alert.

Now that you are more familiar with 2017 Toyota Tacoma, here is a look at six outside influences that impact vehicle sales. And visit South Hills Toyota and explore the 2017 Toyota Tacoma.                      

 Six outside influences that impact vehicle sales

1.Good Economy/Bad Economy

Typically, when the economy is healthy, so are car sales. Buyers looking for loans will see higher interest rates, and find it harder to qualify for loans in a better economy. And demand for new cars go up as well. During a down economy, lower interest rates are available and becomes qualifying for a car loan becomes easier. And used car sales typically go up when the economy goes down.

2. Surplus of new cars

In a bad economy as car sales decrease, a surplus of inventory often occurs. This is a time when vehicle buyers can discover incentives, as dealers attempt to unload vehicles from lots to increase sales.  

3. Time of year

Used cars sell better during the spring and summer. This may be due to young people leaving college and seeking that first car. Tax returns could also play a role.

Trucks and SUVs often have higher sales in the winter. When people look around and see harsh winter weather, it often leads them to gravitate to bigger, more capable vehicles.

The holiday season results in lower car sales with disposable income being directed at Christmas spending. It is the holiday months that buyers can expect dealerships to offer good incentives.

4. Gas Prices

When gas prices go up, buyers adjust by seeking out more fuel-efficient vehicles to own. Smaller vehicle sales, hybrid, and smaller engine sized sales go up.  Bigger vehicles like large SUVs and truck sales become more attractive to vehicle buyers when gas prices drop. This can occur very quickly, signaling a preference US car buyers have for larger vehicles.

5. Mileage

Selling a vehicle with a large amount of mileage makes it much more difficult to sell. Once a vehicle surpasses 100,000 miles on the odometer, the prospects of a quick sale go significantly down.

6. Demographics

In a fluctuating economy, used car sales remain high due to the uncertainty of buyer’s bottom lines. So, some types of used vehicles are good sellers no matter what. Younger people often fall into this category of buyer.   

This entry was posted in South Hills Toyota and tagged on 06/09/2017 at 10:13 AM