Changes could be in store for car buyers in 2022 and the years to come

Key takeaways

  • Supply-chain issues are forcing the automotive industry to evolve
  • Manufacturers and buyers will have to adapt
  • There could be changes in consumer buying habits
  • Shopping in other cities and states could become the norm

There’s no doubt the automotive industry is experiencing a transitional period as it navigates production delays, reduced inventory, and price increases. The result is an unpredictable market that could see significant changes over the next few years.

Gas prices and environmental concerns could also push the industry away from internal-combustion engines while embracing a future with reduced emissions and less reliance on fossil fuels. We’re already seeing certain trends accelerate in 2022, leading to questions about how the automotive industry will look for the rest of this year and into the future. 

Here’s a look at 2022 auto-industry trends to monitor.

Fewer models and features available

With global supply-chain problems remaining unresolved, manufacturers will struggle to produce full vehicle lineups in 2022. 

These supply-chain issues will particularly affect the luxury-car market, which is heavily reliant on semiconductor chips and rare parts that are nearly impossible to find globally. Other manufacturers might also reduce the number of vehicles they’re producing to retain components for more popular models. 

Some manufacturers will have to scale back available features on specific models to reduce their semiconductor usage. Nonessential features like heated seats, wireless charging, parking assistance, and automated headlights might become unavailable in many new cars, potentially making used cars that have these features more desirable.

Used cars will retain their value

In the past, new vehicles depreciated substantially once you drove them off the lot. However, supply-chain issues impacting new-car construction are straining used-vehicle markets and triggered price increases.

While used-car prices are slowly reducing in 2022, inventory remains tight; these prices aren’t expected to plummet to pre-pandemic levels anytime soon. There’s also a chance that used-vehicle prices will rebound in the summer as demand increases and stock remains relatively low.

Classic cars could be popular

Americans aren’t buying new sports cars or sedans frequently, as SUVs and crossovers are responsible for over 50% of car purchases, and pickup trucks make up about 20% of the market. The remaining 30% of vehicle sales are spread out over hatchbacks, minivans, coupes, and sedans.

The Toyota Camry is the only car among the top 10 new vehicles sold in 2022, a trend that’s unlikely to change soon. People are still buying cars; they’re just looking at classic vehicles not available through dealerships. 

It might surprise you to learn that some sports cars from the 1990s and early 2000s are considered vintage. Gen X and Millennial buyers are purchasing these vehicles at auction for inflated costs, much like Baby Boomers did with cars from their youth in the 1980s and ’90s. 

Keep in mind that many classic cars from the ’90s and early 2000s are used, fully depreciated vehicles that have just recently come back into style. Therefore, they might not be roadworthy, and you’ll need a car-shipping carrier for transportation.

Prices will rise

Lack of inventory brought new and used car prices to incredible heights in December 2021, though things have started to level off a bit. However, this leveling might not be permanent: the demand for personal vehicles is increasing, perhaps due to a lack of comfort regarding the end of the CoViD-19 pandemic.

Research by the American Public Transportation Association suggests ridership was at just 60-65% of its pre-pandemic levels in April 2022. While that number is up significantly from January 2022, it shows that people aren’t excited about riding on crowded buses and trains, despite many workplaces mandating a return to the office. 

Many people who used public transportation when commuting before the pandemic are now driving because they don’t want to risk getting sick. As more people start working from the office, vehicle sales could continue to rise and take prices right along with them.

Demand for electric vehicles should skyrocket

Gas prices have been hovering near concerning levels for years, but they’re now over 50% more than they were at this time last year. The cost is becoming unsustainable for many car owners. 

The alternative, of course, is an electric vehicle, and we could see these models increase in popularity as consumers get fed up with fuel prices and become more comfortable with the technology. 

While electric vehicles don’t have as much production capacity as their gasoline counterparts, some manufacturers could sell out of specific electric models. The result could be increased capacity in years to come as electric vehicles gain more significant marketshare. 

Shopping for the perfect car

As the automotive industry changes, get creative when searching for the ideal vehicle. You don’t have to settle for anything less than the exact car you want. Online shopping makes buying from a different city or state easier than ever.

Once you make your purchase, arrange vehicle transport with a reputable vendor. Your new or used car will arrive right at your door. Of course, you have to factor the auto-shipping price into the equation, but getting a few quotes ensures you won’t overpay. 

Mercury Auto Transport is a car-shipping broker that provide quotes from licensed, insured carriers. This service makes it easier to shop various locations while ending up with your perfect vehicle. Reach out to Mercury Auto Transport today to speak with a representative or inquire about a free quote

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FAQs

We feel it’s important for you to know how we determined your quote. Quotes are based on what the market demands for cars to be moved at a given time. Each quote is compared with the current rates on the National Load Board before being sent to our customers and will be reviewed periodically through the process.

Other companies might offer you a lower price to obtain your business. This method is ineffective because if the car does not pay the correct amount of money, it will run the probability of not getting loaded or transported on time. You will not get this information from our competitors. Truck drivers always take the loads that pay the most first, leaving the loads that are mispriced to be moved last or not at all. We try very hard to avoid this with our customers by quoting a fair but realistic quote up front. Visit our How we determine your quote page for more information.

Understanding auto transport insurance is important and we think it’s valuable to explain how it works. As part of providing a great car transport service, it is our job to guarantee that the carrier we assign to pickup your vehicle is licensed and insured. Click here to check out our license.

When you go with Mercury to ship your vehicle, you can rest assured that the carrier assigned to move your car is fully insured and licensed with the FMCSA (Federal Motor Carrier and Saftey Administration).

Your vehicle is covered by the carrier’s insurance policy that is doing the shipping. Depending on the type and size of the truck/trailer that is shipping your car, the insurance policy can cover from $100,000 to $1,000,000 of damage.

We have also provided a checklist to explain what you need to do at both pickup and delivery in case there are any issues so, you can file a claim and know that everything will be taken care of.

It is rare but, time-to-time there may be accidental damage while in transit and it is good to know that your carrier’s insurance will protect your auto shipment in that event.

To view a sample BOL (Bill of Lading) and learn what to do in case of accidental damage, please check out our Condition Report and Procedure checklist.

When comparing auto transport companies, keep in mind that low-priced quotes often result in delays in getting your vehicle loaded. Choosing the right broker is vital to getting a reputable carrier for the lowest price possible.  

We feel it’s important for you to know how we determine your quote.

When you’re looking for a car shipping rate, you want to understand how auto transport works. Prices are based on seasonal market demands for cars to be moved at any given time. Each quote is prepared based on the season and the current national rates.

When comparing auto transport companies, keep in mind that low-priced quotes often result in delays in getting your vehicle loaded. Choosing the right broker is vital to getting a reputable carrier for the lowest price possible. Not all brokers are created equal in this talent.

Mercury does a thorough background check with each carrier for every shipment. We verify their ratings, references, and in addition, we obtain a certified copy of their insurance certificate, directly from the government agency that it is on file with.

You can have peace of mind knowing that the carrier shipping your vehicle is the very best and that there are no surprises guaranteed.

Mercury Auto Transport is licensed, Bonded and Insured. Our FMSCA Motor Carrier Number is MC647319.

While we do our best match your auto shipping needs with the most responsible carriers with the best track records, from time-to-time there may be accidental damage while in transit, it is good to know that the insurance of the carrier we locate for you will protect your auto shipment in that event.

Shipping a vehicle can be stressful if you don’t know what to do.  This is why we believe it is paramount to have our highly trained agents be your main point of contact from start to finish.

They will go over everything you need to know so you can relax.  In the meanwhile, we prepared this checklist.  This includes everything from pickup to delivery and how to make sure your car is ready for pickup.

When it comes to car moving, we want you to be ahead of the game!  For any questions and further assistance our agents are standing by, (800) 553-1828.  Please read our checklist to prepare your vehicle to learn more.

There are several ways you can ship a car.  The options include enclosed trailer, open carrier transport, flatbed truck, door-to-door shipping services, and to or from a terminal as well.  The most popular of the options is a 7 to 10 car open carrier.  These large trucks can accommodate almost any size vehicle including carsSUVstrucksjeeps, and vans.

Open car transport, door to door is also the best way to get the cheapest auto transport rate possible.  To learn more and see what transport method is best for you, please fill out our free quote form and one of our representatives will respond to you within minutes.  You can also call us at (800) 553-1828.

We present offers from FMCSA Licensed and Insured Carriers. When you accept an offer, we send your service agreement that guarantees the price, door-to-door service, and 100% bumper-to-bumper insurance. There are never any hidden fees or charges, guaranteed.