Blog / Bokman of Wellsville Chevrolet GMC Cadillac

Is Buying a Car in 2022 Worth It?

February 07, 2022 · 9 min read

With the COVID-19 Pandemic coming to a close, consumers are once again demanding a large supply of new vehicles. One that cannot yet be fulfilled by the world’s manufacturers due to a massive shortage of semiconductors with no end in sight.

This shortage has dealerships all over the country scrambling to find a way to put customers behind the wheel of a new vehicle. With the ongoing shortage and rising prices, you may be wondering if now is the right time to buy a new vehicle at Bokman of Wellsville, and this blog just may help you decide.

At Bokman of Wellsville, the shortage isn’t stopping them from stocking the Wellsville, NY area’s best selection of new, pre-owned and certified pre-owned Chevrolet or GMC vehicles. Whether you’re looking for a new or pre-owned vehicle, Bokman of Wellsville has plenty of options for you to choose from. Don’t let the shortage hold you back, stop by and see why Bokman of Wellsville is Wellsville’s favorite Chevrolet or GMC dealer today!

Rising Prices, Dwindling Inventory

As the world slowly returns to form after the COVID-19 Pandemic, the global supply chain is struggling to keep up after such a long period of disruption. Back in 2020, with the world at the height of the pandemic, factories all over the world shut down to stop the spread, while subsequently stopping the production of goods.

During the global shutdown, inventory began to pile up on dealership lots all throughout the United States. With each passing day, the cost of insurance and interest on this sitting inventory totaled in the hundreds of thousands, causing dealership owners a slight panic. This time of uncertainty and panic was not here to stay long, as a bigger problem awaited dealership owners in the near future.

Fast forward a year to 2021, dealerships throughout the U.S. are struggling to keep up with demand for inventory as manufacturers struggle to produce new vehicles. This struggle is largely due to a semiconductor shortage that was sparked by the worldwide lockdowns that took place during the pandemic. With factories shut down and semiconductors not being made, new vehicles ceased to be produced and vehicle manufacturers found themselves struggling to fulfill dealership orders.

In response to the growing supply chain issue, dealerships began to turn their focus toward to used vehicle market, encouraging customers to sell their used vehicles or complete trade-ins. With used vehicles more desirable than ever and equipped government-backed stimulus checks, consumers throughout the United States flocked to dealerships to trade in their old vehicles in favor of new ones.

The rush by dealerships to find ways to supplement the shortage of new vehicles only further exacerbated that shortage, leaving dealerships in a pickle. Now dealerships have droves of customers clamoring to trade-in their vehicles, with no new vehicles to sell those customers, resulting in long waiting lists and disgruntled customers.

With this shortage, you may be wondering if now is the right time to start the search for a vehicle. The answer here at Bokman of Wellsville is a resounding, YES! Despite the supply chain issues and a shortage of new vehicles, there has never been a better time to trade in your old vehicle in favor of purchasing a new one. Keep reading to find out why!

The Time Is Now

If you’re wondering if it’s a smart idea to buy a car in 2022, the answer is YES! Now, you may be doubting that because of what you just read above…but fear not! There truly has never been a better time to buy a new car, truck or SUV — and here are some reasons why.

Interest Rates

One of the biggest reasons you should be buying a car right now is because of the incredibly low-interest rates that are available. Right now, banks are loaning out money at record-setting rates in attempts to reinvigorate the struggling, post-pandemic economy. With rates as low as 0.99% APR available, it’s a no-brainer to buy a new vehicle right now as rates like this aren’t typically available.

If you want the best interest rates on the widest selection of new and pre-owned Chevrolet or GMC vehicles, stop by Bokman of Wellsville located in Wellsville today!

Your Car Is Worth More Than Ever Before

Yeah, you read that right…your old car is worth more than ever before thanks to the shortage of new inventory. Typically, all cars begin depreciating the moment they leave the dealership lot. However, in this whacky post-pandemic economy, some vehicles have actually gained value as they aged.

As dealerships all over the country make a push to purchase used vehicles and increase trade-ins, the value of used vehicles has increased astronomically. That means there has never been a better time to purchase a new vehicle, as your trade-in is worth more than its ever been. If you’ve been tossing around the idea of buying a new car, you’ll want to act now before the value of your used car plummets back to pre-pandemic prices and you lose out on thousands.

You can get the best value for your used car, truck or SUV at Bokman of Wellsville located in Wellsville, NY. At Bokman of Wellsville, they have the Wellsville area’s best selection of new and pre-owned Chevrolet or GMC vehicles, so stop by and check out their inventory today!

Customize Your New Vehicle

Due to the semiconductor shortage, chances are you will be waiting on a new vehicle to be built and shipped to the United States before you buy it. This wait may seem like nothing but a hassle when in reality it is the best thing that could happen. Wondering why it’s the best thing that could happen? Keep reading to find out why!

While it may not seem ideal to buy a car that hasn't yet been built, there are some advantages to doing so. A car that hasn’t been built yet means you can tailor to fit your exact needs and specifications. That means you can forego features you won’t use and add features you may not have been able to find on a specific trim of that vehicle. With the added flexibility that comes with ordering a new Chevrolet or GMC vehicle, it truly makes right now better than ever to buy a new vehicle.

Stop by Bokman of Wellsville located in Wellsville to place an order for your new Chevrolet or GMC vehicle today!

Reasons You Should Avoid Buying a Car in 2022

This blog would not be complete without a good counterargument. So, let’s talk about a few reasons why you may want to avoid buying a new car, truck or SUV in 2022.

Seemingly Endless Waiting Lists

One good reason to avoid purchasing a new or pre-owned vehicle in 2022 is the waiting game. Let's face it, nobody wants to spend their hard-earned money on a vehicle they have to spend months waiting for. However, the reality of this post-pandemic world is filled with long waiting lists for new vehicles of all shapes and sizes.

If you’re considering purchasing a new car, truck or SUV, make sure to inquire about the average waiting time at your dealership of choice. Another thing to keep in mind is delays do happen, especially with the rampant issues in the global supply chain. That being said, if you place an order for a new vehicle, be prepared to be patient.

Patience is a virtue they say, and if it’s a virtue that escapes you, perhaps its best to look into a pre-owned vehicle instead. If a pre-owned vehicle is something you would consider, Bokman of Wellsville has plenty of them to choose from at their Wellsville location — stop by today!

Record-High Prices

An unfortunate consequence of the vehicle shortage has been the steep rise in the prices of new vehicles. With incredibly high demand and constrained supply lines, the cost of new vehicles is rising to record highs in a staggeringly short amount of time. Many new vehicles are flying off of dealership lots, sometimes for prices above the manufacturer's suggested retail price (MSRP).

Although interest rates are at all-time lows, it still may be wise to refrain from purchasing a new car, truck or SUV in 2022 thanks to the rising cost of new vehicles. If you want to save money and can keep driving your current vehicle, it just may be best to wait out this influx of pricing on new vehicles.

Fewer Options

Yet another drawback to purchasing a new vehicle during this shortage is the lack of available options. Due to the semiconductor shortage, vehicle manufacturers are opting to only produce certain types and trims of vehicles, leaving less variety to choose from. This is being done in an effort to keep profits where they need to be while dealing with a constrained supply of vehicles and parts.

During this shortage, you run the chance of walking onto a dealership lot and not being able to find a vehicle to fit your wants or needs. Many vehicles that are being produced right now are coming loaded with options and features, which increases the cost and makes them less appealing to budget-conscious consumers.

If you’re considering purchasing a new vehicle in these times, keep in mind that you may not get exactly what you want in a vehicle. This can be prevented with a little patience, all you have to do is simply wait out this global semiconductor shortage which should be over soon. Getting the vehicle of your dreams is still possible despite the worldwide shortage of vehicles, so don’t lose hope!

The Answer Is

Now that both sides to the argument have been made, the answer to the question “Is Buying a Car in 2022 Worth It” still remains a resounding yes. This is because the power is still in the hands of the consumer, even with the reduced supply of new and pre-owned vehicles. Consumers are more powerful than ever in the post-pandemic world, and it’s because struggling companies need every dollar they can get. Keep this in mind when shopping for your next vehicle, whether it’s new or pre-owned.

If you’re still reading and have realized that now is better than ever to buy a new vehicle, then stop by Bokman of Wellsville located in Wellsville, NY today! At Bokman of Wellsville, they stock the Wellsville, NY area’s biggest selection of new, pre-owned and certified pre-owned Chevrolet or GMC vehicles and sell them at the best prices. Get the best deal on your next Chevrolet or GMC vehicle by shopping at Bokman of Wellsville located in Wellsville today!

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May 02, 2024 in Bokman of Wellsville Chevrolet GMC Cadillac

Celebrating National Inventors Month with GMC

Embarking on a journey into the vehicle business in 1886 at the tender age of 25 and founding General Motors just two decades later was no small feat. This National Inventors Month, we pay homage to our founder and inventor, William Durant, in a quintessentially American narrative of perseverance, diligence, and triumph. The Early Years of William Durant Long before the inception of GM, GMC, or even the automotive sector, William Durant made an unconventional start. Opting out of formal education, he ventured into lumber stacking and cigar sales. While this might not seem like the ideal foundation for a future titan of the American auto industry, Durant's entrepreneurial spirit shone through. He gradually ascended the ranks, transitioning into a partnership at an insurance agency before venturing into the realm of automobiles. Armed with nothing more than two carts and a design patent, Durant notched a significant achievement, clinching a blue ribbon and securing cart orders. Within a mere fifteen years, the Durant-Dort Carriage Company burgeoned from a modest investment into a two-million-dollar enterprise, earning the distinction of being the largest vehicle manufacturer in the U.S. at its Flint, Michigan manufacturing hub. Witnessing the burgeoning popularity of horseless carriages in the U.S., Durant found himself at the forefront of the nascent auto industry. When James Whitling of Flint Wagon Works acquired Buick, he entrusted Durant with the task of steering the company's fortunes. Within a brief span of eight years, Buick's production eclipsed that of both Ford and Cadillac combined under Durant's astute leadership. The Rise of the GMC Powerhouse Did you know that General Motors once came close to acquiring Ford? Following a failed merger attempt involving multiple stakeholders, Durant conceived a novel strategy—to amalgamate Buick and Oldsmobile under a fresh brand christened General Motors. Established on September 16th, 1908, GM swiftly gained momentum, prompting Henry Ford to entertain the notion of selling his company merely a year later. However, an unforeseen hurdle arose when a bank committee vetoed the deal, altering the course of automotive history. One can only speculate on the ramifications had Ford become a subsidiary of GMC. Undeterred by this setback, Durant pressed ahead with GM, embarking on an acquisition spree akin to today's startups and small businesses. Within a scant sixteen months, Durant had amassed 22 companies under the GM banner. Among the noteworthy additions were Oakland (later Pontiac) and McLaughlin (later GM Canada), bolstering the existing Buick, Cadillac, and Oldsmobile brands under the General Motors umbrella. While bankers remained skeptical, dismissing personal automobiles as fleeting trends, Durant remained steadfast in his conviction. Contrary to their skepticism, Durant foresaw a future where half a million automobiles would be manufactured and sold annually—a prophecy that materialized. The Later Years Despite encountering headwinds as larger vehicle models fell out of favor, Durant's ingenuity prevailed yet again. Partnering with Louis Chevrolet, Durant leveraged the Buick brand to reignite interest through America's road races. Harnessing this momentum and reclaiming control, GM burgeoned eightfold from its previous state under bank management. However, Durant's trajectory was stymied by the advent of World War I and the Great Depression. Under Durant's stewardship, GM attained numerous milestones, including pioneering innovations such as the electric starter, automatic transmission, catalytic converter, and airbags—first featured in the 1970 Cadillac, Buick, and Oldsmobile models. GM continues to uphold its legacy of excellence, pioneering the electric vehicle market with groundbreaking vehicles like the Chevrolet Volt, the first Extended Range Electric Vehicle. With a rich tapestry of achievements behind us, the future holds boundless possibilities for GMC and its brands. We are confident that the forthcoming 2025 models will continue to redefine the automotive landscape, propelling us into an era of unparalleled innovation. Keeping GMC Tradition Alive Much like Durant, the team at Bokman of Wellsville has dedicated ourselves to our craft - serving our customers to the best of our ability and offering the highest quality cars Chevrolet and GMC can offer. Help us keep the GMC tradition alive and visit us for a new 2024 models! We many different vehicles to fit any lifestyle - from GMC Sierra 1500 trucks to the all-new GMC Terrain SUV. Whatever your vehicle needs - new, pre-owned, or even custom parts and service - we're ready to help you!

Dec 21, 2022 in Bokman of Wellsville Chevrolet GMC Cadillac

The Five Best Dishes to Make for the Holidays

The holidays are a time for family, friends and of course, food! If you're looking to impress your guests this year, try one of these five delicious holiday dishes. From traditional classics to festive twists on old favorites, there's something for everyone. So what are you waiting for? Pick a dish from this list and get to cooking! Roast Beef with Roasted Potatoes and Carrots Roast beef with roasted potatoes and carrots is the quintessential holiday dish - nothing quite says "celebration" like a home-cooked seasonal feast. This traditional combination of savory flavors has become part of family gatherings across generations, satisfying taste buds and tummies in memorable ways. As holidays come and go, one thing is certain: a warm plateful of roast beef paired with mouth-watering potatoes and carrots makes us all feel right at home! Turkey with Stuffing and Cranberry Sauce The holidays are the perfect time for celebrating with family and friends, and one delicious way to get everyone together is with a delicious spread of turkey with stuffing and cranberry sauce. A holiday favorite, a perfectly roasted turkey with stuffing and cranberry sauce is an easy way to bring everyone together and make a memorable holiday. From the salty stuffing and juicy turkey to the sweetness of the cranberry, nobody can resist such a delicious and comforting dish. If turkey and stuffing is making your mouth water, break out your family’s favorite recipes, fill your plate up high – and don’t forget to save room for seconds! Ham with Green Beans and Sweet Potatoes Ham with green beans and sweet potatoes is a family favorite for any holiday celebration. Not only does it make for an impressive presentation at family gatherings, but the delicious combination of flavors will have everyone wanting more - melt-in-your-mouth ham, savory green beans, and sumptuously sweet potatoes! A dish like this is sure to spread happiness and merry vibes no matter what kind of family gathering it's included in. Plus, its ease of preparation means more time for family bonding over a meal prepared with love! Salmon with Rice and Steamed Vegetables Salmon with rice and steamed vegetables is a delicious alternative option that is perfect for holiday gatherings. Whether you're sharing a meal with a pescatarian or just want to shake things up for the holidays, this delicious and healthy dish has something for everyone. With its hint of sweetness from the salmon, nuttiness from the rice, and bright flavor from the vegetables all melding together in one delightful bite - you won't be able to resist going back for seconds. Not only does this dish look beautiful on your table but it tastes just as amazing too. As an added bonus, it's incredibly easy to prepare - so you can spend more time with your family instead of slaving away in the kitchen! Vegetarian Lasagna Who says that you can't have a holiday dish without meat? Vegetarian lasagna is a delicious alternative to traditional lasagna and is sure to make heads turn at your family gathering or holiday celebration. It's an incredibly flavorful and healthy alternative to standard recipes, and its versatility allows you to improvise based on what ingredients are available. So when it's time for that next big celebration, consider swapping in vegetarian lasagna instead! Your friends and family will rave about its flavor. It's Time to Cook No matter what you choose to make, with one of these five dishes your guests are sure to be impressed. After all, who can say no to a classic roast beef or a delicious vegetarian lasagna? From turkey and stuffing to ham and green beans, there's something for everyone on this list. So get cooking and enjoy the holiday season!

2024 Chevrolet Blazer EV Police Pursuit Vehicle

Aug 30, 2022 in Bokman of Wellsville Chevrolet GMC Cadillac

Now Available at Bokman of Wellsville the 2024 Blazer EV Police Vehicle

Chevrolet has just announced it will be producing a fully-electric police vehicle, which will arrive in 2024 and be known as the Blazer EV PPV. This groundbreaking announcement from Chevrolet is welcome news to local cities and municipalities that have committed to reducing carbon emissions. With policing being a round-the-clock job, it isn’t uncommon for police cruisers to spend thousands of hours idling while on duty, which unfortunately contributes significantly to carbon emissions. Thanks to the engineering team over at Chevrolet, police will soon be able to work around the clock without worrying about contributing to the ever-growing amount of carbon emissions. Check out the following article provided by Chevrolet for more information on the 2024 Chevrolet Blazer EV PPV. As soon as the 2024 Blazer EV PPV is available for pre-order, Bokman of Wellsville will be ready to help your department get its fleet started. For more information, give us a call at 585-596-0715.