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Why Now is a Good Time to Buy Foreign-Made Cars

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Why Now is a Good Time to Buy Foreign-Made Cars
Why Now is a Good Time to Buy Foreign-Made Cars

Now is a Good Time to Buy Foreign-Made Cars

The U.S. dollar is currently the strongest that it has been in over a decade. As a result, its exchange rate is extremely favorable in comparison to the Euro, the Yen, the Korean Won, the Canadian dollar, and the Australian dollar. Obviously, that has not benefited the rest of the world, but in the United States, this has created incredible buying opportunities.

One benefit to U.S. consumers is that foreign-made vehicle brands are now more affordable than ever, meaning that buying them is currently a great idea. This is not to discredit American-made automobiles, but the fact is, if you're in the market for a Nissan, Honda, Hyundai, Mercedes-Benz, BMW, or Audi, among others, now is a good time to purchase one.

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Here's why:

They're Available in Greater Quantities

In the past, one of the issues that car dealerships in America had to face was that foreign-made cars were in a limited supply. The reason was that, when the dollar was weaker, foreign auto manufacturers, such as in Germany found it more profitable to devote greater supplies to Russia and China. Russia and China were both on the upswing and their consumers were demanding more vehicles than ever before.

Now, however, things have changed. The U.S. dollar has grown considerably stronger and the growth in both Russia and China has slowed immensely. In fact, while growth has stagnated in China, it has actually declined in Russia.

While the strong dollar is a big part of the increase in supplies to the U.S., the slowdown in growth in many parts of the world, particularly the emerging markets, is also a major factor.

There are Better Promotions and Sales Being Offered

Now that foreign auto makers are sending greater supplies to the United States, dealerships are offering more frequent promotions to attract consumers.

On one hand, foreign dealerships are offering sales as a way to ensure that they sell more vehicles in order to take advantage of the strong dollar and counteract the decrease in sales in Russia and China. In contrast, domestic dealerships are also offering more promotions in order to try and make sure that they're able to compete with the foreign manufacturers. After all, with a strong dollar, domestic auto makers are losing out on the money with their exports.

How Consumers Benefit

Those looking to import cars in bulk can benefit, particularly car dealerships, while regular consumers can take advantage of the sales and promotions that are being offered in the face of a more competitive market.

There isn't an advantage of actually importing the cars directly from abroad in most cases without going through a dealership in the United States though. Some auto manufacturers such as Porsche don't price vehicles much differently in different markets, as they don't want people trying to make an arbitrage profit.

Of course, if you have any international auto shipping needs, A-1 Auto Transport will be able to help. Contact us today for a free quote!

Joe Webster
Written By:Joe Webster
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Joe Webster began his journey in the auto transport field by attending the University of Southern California (USC), where he graduated with a Bachelor of Business Marketing. 

After college, he started his career in the auto transport industry from the bottom up and has done virtually every job there is to do at A-1 Auto Transport, including but not limited to: Truck Driver, Dispatch, Sales, PR, Bookkeeping, Transport Planner, Transport Manager, International Transport Manager, Brokering, Customer Service, and Marketing. Working with his mentor Tony Taylor, Joe Webster has learned the ins and outs of this industry which is largely misunderstood. 

With over 30 years experience in the industry, we've been helping people ship their vehicles, motorcycles, RV's, heavy equipment, household goods and more across the country or overseas without a hitch. Ask us anything.

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Trans Global Auto Logistics, Inc.
3401 E Randol Mill Rd
Arlington, TX 76011
NO. 018191NF
CFR Rinkens
15501 Texaco Avenue
Paramount, CA 90723
NO. 013055NF
ABC Worldwide LLC
2840 NW 2nd Ave #105
Boca Raton, FL 33431
NO. 025472F
CSI Logistics
435 Division Street
Elizabeth, NJ 07201
FMC 22206
Intl Cargo
45 Campus drive
Edison, NJ 08837
NO. 17858N
ShipYourCarNow LLC
1160 South Rogers Circle Suite 1
Boca Raton, FL 33487
NO. 025646
Merco Air & Ocean Cargo, Inc.
6 Fir Way
Cooper City, FL 33026
NO. 021869F
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