Edmunds: Shoppers Travel Farther for Cars

By Staff Writer February 12, 2021
New-car inventory remains tight due to Covid-19 related factory shutdowns New-car inventory remains tight due to Covid-19 related factory shutdowns

Edmunds reports that new vehicle inventory is down by nearly 20 percent compared to the same time last year and, as a result, car shoppers are expanding their online searches to include dealerships that are farther away.

Jessica Caldwell

According to Edmunds website data, car shoppers indicated they were willing to drive 47 miles on average for outgoing 2019 model year vehicles in January 2020. In January 2021, car shoppers indicated they were willing to drive 65 miles on average for outgoing 2020 model year vehicles, nearly a 20-mile increase year over year.

“New-car inventory was already tight due to coronavirus-related factory shutdowns from last year, and the current global chipset shortage has exacerbated the situation,” said Jessica Caldwell, Edmunds’ executive director of insights. “But car shoppers aren’t being dissuaded by the lack of inventory. They’re demonstrating they’re ready to literally go the distance to get their hearts’ desire, even in the midst of a pandemic.”

Edmunds analysts have created a Valentine’s Day-themed “Most Desired Vehicles” barometer, which takes into account all car shopping leads submitted on Edmunds and identifies vehicles that car shoppers indicated they were willing to drive the farthest distance to obtain. The Mercedes-Benz G-Class clinched the No. 1 spot in the hearts of car shoppers, commanding an average distance of 363 miles. The Toyota GR Supra came in second, with consumers indicating they’d be willing to drive an average of 167 miles. The Kia Stinger came in third, rating an average distance of 166 miles from willing car shoppers.

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Last modified on Monday, 15 February 2021 22:15