Day: July 6, 2020

Buying a car will be even more of a nightmare this summer as inventory dries up. Here’s what you need to know if you’re shopping around.

used car dealership
used car dealership

Alan Diaz/AP Images

  • The COVID-19 pandemic didn’t tank the used car market like many thought it would.

  • Currently, used car demand is strong because new car inventory is down.

  • It’s still possible to get a good deal; you just have to act fast and be flexible and patient.

  • Visit Business Insider’s homepage for more stories.

Just because there’s the ongoing COVID-19 pandemic to worry about, it doesn’t also mean you have to hit pause on all aspects of your life. Perhaps you’re thinking about buying a car this summer. 

Business Insider spoke with Tom McParland, who runs a service called Automatch Consulting that helps people buy cars, about some advice. 

As he writes for the automotive site, Jalopnik, McParland warned that this year’s Fourth of July car deals might not be as great as people expect because of low inventory, cheap financing being walked back

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