Given the global economy, a shortage happening a world away can be felt in Torrance, CA.
Semiconductor chips are found in almost every product today. Your ever-present smartphones have been designed with chips to communicate with cell towers near Redondo Beach. Though with this sense of a known, local environment, most chips are produced in China. And with U.S. sanctions levied upon Chinese technology firms not to mention a pandemic, goods have become more expensive to produce. And, that's exactly why Genesis of South Bay wants your car as a trade.
How Can a Chip Shortage Affect a Car Maker?
All vehicles today possess varied systems that rely on semiconductor chips. From the most important in safety technology to a rear-view mirror, there's a chip that's hidden but all important. Therefore, with a shortage on these ever-vital chips, car makers will limit production of their most-popular models. That said, the market value for used vehicles in recent weeks has exponentially increased. And in this, an opportunity for Torrance clientele to immerse themselves in.
How is the Used-Vehicle Market Tied to a Chip Shortage?
With stalled production capacity for a new Genesis G80, there's more of a value placed on vehicles that have been long-running and require no new semiconductor chips.
As a result, with used vehicles in demand, the more the value of your current ride is propelled. So, if you've been considering a new Genesis G90 that's already in inventory at Genesis of South Bay, the situation cannot be more turned in your favor. And trading in your current vehicle, you're guaranteed an elevated value to help toward a new Genesis GV80 SUV.
How Can I Get the Value of My Current Vehicle?
During this chip shortage, Genesis of South Bay has created an online valuation tool that's readily accessible from your home or office. With easy steps, you'll confirm what your current vehicle is worth in seconds. Then, trade as you'd like or sell your current vehicle to Genesis of South Bay.
Whatever your intent, Genesis of South Bay works with the client whatever your desire might be. And keep-in-mind, Genesis of South Bay has an unbelievable selection of new Genesis sedans and SUVs awaiting your taste, and opportunity in terms of an elevated trade valuation.
On the Genesis of South Bay homepage, click upon the Value Your Trade link. Next will be the first form field to fill in order to render your Kelley Blue Book® value. Again, this market is on your side at-the-moment. So, all vehicles are accepted.
As the form fields go, you'll need to supply vehicle details, exterior color and options as they relate to your current vehicle. Then, rate your vehicle for condition, from excellent to fair. Note there's no category to select for poor condition. This, in of itself, confirms Genesis of South Bay's commitment in working with any client, any vehicle.
Once you click for the next page, your current vehicle's value has been instantly tabulated. There's a trade-in range and an actual trade-in value incorporating an exact figure. With a shelf-life of validity only lasting until the end-of-business for the day, the time to act becomes paramount.
What are Next Steps to a Trade at Genesis of South Bay?
When you've earned the value of your current vehicle, make an appointment with our finance professionals.
Or, take the drive down to our local, Redondo Beach – L.A. dealership. Again, if you've got the vehicle to trade, the market cannot be more favorable for the "seller." So, act now and use your resourcefulness toward a new Genesis G70.
