Average New And Used Car Prices Hit Record Highs – Car Maintenance Is More Valuable Than Ever

Average New And Used Car Prices Hit Record Highs – Car Maintenance Is More Valuable Than Ever

(PHOENIX)– Consumers looking for new and used vehicles could be in for serious sticker shock. According to the car research site, Edmunds, the average price for a new vehicle in March was $40,563, compared to $38,601 a year earlier. The average price for a used vehicle was $22,663, compared to $20,273 last year.

In Arizona, the average used car price is even higher. A new report by CoPilot finds Arizona is the 9th worst state to buy a used car with consumers paying an average of $23,801.

The major culprit for higher prices is a global shortage in chips, which are essentially the ‘brains’ within every electronic device from car parts to laptops to game consoles. Edmunds predicts the chipset shortage will likely impact pricing and inventory at least through this summer.

Another reason for higher used car prices goes back to the start of the pandemic when dealers put off lease returns. Now that the low-mileage vehicles are returning to the market, consumers faced with fewer new car choices are buying used.

All these numbers add up to reasons many people should stick with their current vehicles. With proper maintenance, many cars can safely and reliably make it to 200,000 miles.

Every day, your Neighborhood Auto Repair Professionals (NARPRO) advise consumers on how to keep their cars running longer while minimizing expenses.

Pay attention to your car

• If a warning light popped on, note it. Along with unusual sounds or smells. Details will help a mechanic fine-tune their diagnosis.

Be curious

• Keep asking questions until you understand what needs to be fixed.
• A good mechanic will give you a lesson on how parts work together.
• Ask to see the problem. If your timing belt needs replaced, have the mechanic show you the belt.

Develop a relationship 

• Think beyond the current maintenance appointment or repair. 
• Long-term relationships with a reputable repair shop can build trust and help you avoid headaches down the road.
• Having your vehicle’s history will help a mechanic provide a road map for future repairs, which can help you plan.

Focus on maintenance

• If you don’t want to review your owner’s manual, ask a reputable repair shop to provide recommended major service intervals for your car.
• Preventive care and maintenance will extend the life of your car and ultimately save you big bucks. It’s almost always cheaper to take care of your can than buy a new one.

Handling repairs when you’re financially strapped

• Get quotes from at least two reputable mechanics. Ask for a breakdown for parts and labor.
• Determine what repair(s) can wait. Focus on the highest priorities, especially safety issues.
• Do it yourself. Maybe you don’t want to tackle an oil change but changing an air filter is one of the easiest replacements on your car. Ask your trusted mechanic for other suggestions and check out online tutorials, but always do your research and follow all safety precautions.

NARPRO (Neighborhood Auto Repair Professionals): The Neighborhood Auto Repair Professionals (NARPRO) helps car owners find skilled and honest car repair shops. NARPRO only recommends independent, family-owned, full-service auto repair shops that have passed 26 rigorous tests. Visit www.NARPRO.com to find recommended shops near work or home. NARPRO is the easiest way to find an honest mechanic in the Valley.

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