If you don’t mind being seen driving a car, this could be a great time to buy one. It has been plagued by a shortage of inventory for the past two years. However, there are plenty of Buicks around the country, which can mean a huge cost savings if you want to buy one.
Buick vehicles have a 121-day supply at dealerships
As of November 2022, there was a 121-day supply of vehicles in dealer inventories nationwide. For reference, a 60-day supply of cars was considered optimal prior to the COVID-19 pandemic. According to , Toyota currently has less than 30 days in supply, so it’s easy to see how buying a Buick could be worthwhile right now.
and Envision models at this time.
New car inventories are on the rise across the board
According to a report from Cox Automotive, dealership inventories across the country are on the rise. In fact, it was up 81% on November 22 compared to the same time a year earlier. However, despite the current improvement, it is worth noting that merchant inventories are still historically low compared to pre-pandemic levels when 86-day supply was the norm.
As we all know, plentiful supply means more significant savings when buying a new car. Just don’t expect the same kind of discounts you could get before the pandemic—unless you’re planning on buying a Buick.
Buick resale values are low
If you’re planning to buy a Buick, it’s essential to know that the American brand has among the worst resale values in the industry. People put it on their list of “Worst Brands for Resale Value After 5 Years” and listed Buick at the top. According to the publication, Buick vehicles retain an average of 73.74% of their original values after the first five years of ownership.
Depreciation varies from one model to another. For example, the Buick Enclave depreciates just over $25,000 after the first five years–or 61% of its initial value. Buick Encore depreciates 35% over five years, and Buick Envision slots in the middle with a depreciation value of 63.15% after five years.
Are Buicks Good Cars?
yes. Buick’s lineup consists of six different SUVs and crossovers. According to Consumer Report 2022 ratings, this Buick is above average when it comes to reliability. JD Power also ranked Buick #2 in its 2022 Dependability Study. This means that drivers experienced fewer issues with their Buick vehicles in the first few years of ownership.
Buick Encore hasn’t received any recalls, Envision has just one, and has two as of 2022. That’s consistently low across the lineup, and it also means the American brand beat out a lot of other automakers in the rankings.
If you’re looking for a semi-luxury SUV or crossover and don’t care about the badge upfront, this could be a great time to buy a Buick.