Otherwise, there’s a good chance that someone else will get there first! Customers need to plan in advance to make sure they get their dream Kia and be ready to make a purchase as soon as it hits the lot. When a new or used car becomes available for purchase, it’s often a matter of days, or even hours, before someone jumps in to take it home. Kia vehicles don’t stay on the lot very long these days. If you’re thinking about purchasing a new car, this may be the ideal time to get a great price on your older vehicle. Even used cars are selling for more than they have in previous years, since many Kia owners are holding on to their older cars in light of the shortages. As demand increases, so do prices, since customers are willing to pay more for a product that can be hard to find. “Demand” in the economic sense simply means the number of customers that are hoping to purchase a product. Both new and used Kias are in high demand. All of these factors can result in fewer Kia vehicles being available for sale.ĭespite the shortages, customers haven’t stopped wanting to buy Kia vehicles. Shipping has gotten more expensive and has slowed because of worker availability. Vehicles without those chips were left partially completed, just waiting for those final parts. Without semiconductor chips, some of the safety features and driving modes would be unavailable. Fewer cars have been coming off the assembly line, and there aren’t as many to choose from at the dealership.įactory shutdowns because of the covid virus have slowed production, and a shortage of parts like semiconductor chips have left many Kia vehicles unfinished. Lately, Kia supply has been on the low end. Supply can be affected by factory production, shipping challenges, available parts, and the number of people hoping to purchase a Kia vehicle. The word “supply” refers to the number of vehicles that are available for consumers to purchase. We’ll explore more of how Kia supply and customer demand can relate to the price for a vehicle, but first, take a few minutes to look at the current offers that Lawrence Kia has available for your next car. Fortunately, Kia offers a wide variety of electric and hybrid models, even if they are quickly selling these days. Customers are looking to trade in their gas guzzling cars for something that won’t break the bank at the pump. Hybrids are also increasing in popularity, and Kia can’t seem to keep them in stock for long. As gas prices spiked, interest in electric vehicles, like the new Kia EV6, has been especially high. Over the last year, used-car prices have increased an average of 29%, according to a report from the U.S. Prices for both new and used vehicles hit record highs this summer. Septemby Anne Kelley Kia Supply and Demand Home Blog 2022 Kia Models Kia Supply and Demand
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