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The used car market prices are not going to drop until the car market stabilizes in response to the supply and demand spike.

Are Used Car Prices Dropping?

Several things are impacting the cost of used cars including the pandemic, semiconductor chips, and loan rates. Unfortunately, the used car market prices are not going to drop until the car market stabilizes in response to the major supply and demand spike. Find new cars and used cars for sale at Lawton Chrysler Jeep Dodge Ram in Lawton, Oklahoma. Used cars have always been a popular choice for budget-conscious and value-seeking consumers. In recent years however, the used car market has experienced a significant shake-up in terms of pricing. With fluctuating economic conditions, global events, and other factors at play, many are wondering if used car prices are dropping. While used car prices have not yet shown significant signs of dropping, there are factors in play that suggest a more stable market in the near future. Deciding whether to buy a new or used car depends on your unique circumstances and preferences. If you choose to explore the used car market, it's essential to exercise patience, consider certified pre-owned options, and negotiate for the best deal. What Is Impacting Used Car Prices? Several factors have contributed to the fluctuation of used car prices in recent times. Understanding these key elements can help shed light on the current state of the used car market. COVID-19 The pandemic had a profound impact on the automotive industry. During the initial lockdowns, car production halted, creating a shortage of new cars. Many people, and car rental companies, turned to the used car market as an alternative. This increase in demand drove used car prices higher. Semiconductor Chips The shortage of semiconductor chips has affected the production of new vehicles. This supply chain disruption has led to longer wait times for new cars and encouraged more consumers to explore the used car market. Loan Rates Low-interest rates have made financing used cars more affordable, which has contributed to the demand for used vehicles. As a result, used car prices have remained high. Have Used Car Prices Started To Come Down? The big question on everyone's mind is whether used car prices have finally begun to drop. The answer as of now is, no. Used car prices are still relatively high, but there are some indications that the market may be stabilizing. During the height of the pandemic, used car prices saw an extraordinary spike due to increased demand and supply chain disruptions. However, as new car production gradually recovers, the supply of both new and used vehicles are expected to improve. This should help alleviate some of the pricing pressure. While used car prices have not dropped significantly, there have been small fluctuations in specific segments of the market. Prices of some used cars have shown signs of leveling off or experiencing minor declines. However, it's important to note that these fluctuations can vary depending on location, vehicle type, and market conditions. Is It Better To Buy A New Car? Given the current state of the used car market, some may wonder if buying a new car is a more viable option. It's essential to consider your individual circumstances and preferences when making this decision. Buying a new car comes with its own set of advantages, such as the latest technology, warranties, and peace of mind in knowing the history of the vehicle. New cars also typically offer more advanced safety features and better fuel efficiency. However, new cars come with a higher upfront cost, and they can depreciate quickly during the first few years. If you are financially comfortable and value the latest features and technology, buying a new car may be the right choice. Additionally, if you plan to keep the vehicle for an extended period, the initial depreciation may not be as significant of a concern. Should I Buy A Used Car Now? Buying a used car remains a sensible option for many consumers, despite the current pricing landscape. Used cars provide a more budget-friendly alternative, and with the right choice, you can still get a reliable, well-maintained vehicle. Here are some considerations if you're thinking about buying a used car in the current market: Patience Pays While prices may not have dropped significantly, waiting for the right deal can still save you money. Keep an eye on the market and be ready to act when a good opportunity arises. Certified Pre-Owned (CPO) Consider looking into certified pre-owned programs offered by various manufacturers. These vehicles typically undergo thorough inspections and come with extended warranties, providing added peace of mind. Private Sellers Don't forget to explore private sellers, as they may offer more competitive pricing compared to dealerships. Just be sure to do your due diligence in inspecting the condition and history of the vehicle. Negotiate Be prepared to negotiate. Dealerships may be more willing to work with buyers, especially if you have a trade-in or are open to flexible financing options. Buy A Used Car At Lawton Chrysler Jeep Dodge Ram If you're considering purchasing a used car, a trusted dealership like Lawton Chrysler Jeep Dodge Ram is an excellent choice. We offer a wide selection of high-quality used vehicles and provide expert assistance to help you find the right car that fits your budget and needs. At Lawton Chrysler Jeep Dodge Ram, we uphold our promise of delivering great value to our customers with every used car. Give our Lawton car dealership a call to speak with a vehicle expert. We can provide information about inventory, payment options, and pre-approval on all of our cars, trucks, & SUVs for sale. Check out our website to view our full online new and used inventory. Make sure you check out our monthly specials and make an appointment with us to keep up with your vehicle maintenance. Worried about finances? Visit our online finance department to see how we can help you get your next car. You can trust us to help you get the right new car or used car and with award winning services. See you soon! Phone (508) 215-0083 Address 215 SE Interstate Dr., Lawton, OK 73501 Return to Blog

The auto industry's analysis of top 2022 used vehicles is a good indicator of what the public can expect with future vehicles.

Top Selling Used Cars In Oklahoma

SUVs and crossover vehicles are the top selling used cars specifically in Oklahoma. Among the top selling cars, trucks, SUVs, hybrids, and EVs include the Jeep Wrangler, Jeep Cherokee, Ford Explorer, Toyota Camry, Chevy Silverado, and more. Find the top selling used cars for sale at Lawton Chrysler Jeep Dodge Ram Car industry professionals conducted an extensive analysis, examining over 9.8 million one-to-five-year-old used vehicles on the road. This study aimed to identify the most sought-after used cars across the United States, as well as in Oklahoma. Oklahoma’s top selling used car is a Ford F-150, but there are so many options for your next ride! Why Used Cars Are Popular Buys Large pickup trucks have continued to maintain their popularity in Oklahoma over the past few years. Robust sales of SUVs and crossovers solidified their position as the dominant vehicle category. Placing among the top 10 used vehicle purchases. An interesting development was Jeep's Grand Cherokee breaking into the top 10. Also, Honda's dependable Civic stood as a noteworthy example of a best-selling car in a market dominated by larger vehicles. The yearly favorite, the Ford F-Series (F-150), continued to hold the prime position on the list of best-selling used cars. It was closely followed by the Chevrolet Silverado 1500 and the Ram 1500 pickups. Despite the relatively lower miles per gallon and the increased fuel prices, our professionals remarked, "With the F-150, Silverado, and Ram pickups capturing over 8% of the used car market, it's evident that America's affection for trucks remains unwavering." So what are the top selling used vehicles in Oklahoma? Top Selling Used Vehicles In Oklahoma Apart from full-size trucks, the best-selling models include the Chevy Equinox, Honda Civic, Toyota Camry, and Toyota RAV4. Two compact crossovers, the Nissan Rogue and Ford Escape, maintained their top 10 positions from the previous year, while the Jeep Grand Cherokee made its debut in the top 10 rankings. Top Selling Used Cars Securing the top spots are the Honda Civic and Toyota Camry. The same set of five passenger cars retained their dominance in the used car market, although the rankings of the Nissan Altima and Honda Accord midsize sedans switched. However, both models continue to be favorites. Meanwhile, the Nissan Sentra, Chevrolet Malibu, and Hyundai Elantra didn't break into the top 5, but each maintained a market share of at least 1%. Top Selling Used Trucks While the Ford F-150 claims the number one spot, the Toyota Tacoma and GMC Sierra secure positions within the top five most sought-after trucks in the United States. The Tacoma is renowned for its long-lasting durability and outstanding off-road capabilities, especially in its TRD variant. On the other hand, the GMC Sierra represents a more upscale iteration of the Chevrolet Silverado. With over 1% of the used car market, it's evident that people appreciate this premium version as well. Top Selling Used SUVs Over the last two decades, automakers have shifted towards SUVs to meet consumer demand. SUVs offer versatility with their rugged styling, flexible hatchback designs, and all-wheel drive options. Ford's Explorer made it to the top four best-selling vehicles. The Chevrolet Equinox held its top spot among SUVs, while the Honda CR-V, Jeep Wrangler, and Jeep Cherokee also had a substantial market share of over 1%. Top Selling Used Hybrids Although hybrid models represent a relatively modest portion of both the new and used vehicle market, each passing year witnesses the introduction of more hybrids, leading to a gradual increase in their market share. Toyota leads the way, claiming four of the top five positions for popular used hybrids, with the Toyota RAV4 at the forefront. However, we anticipate that brands like Hyundai, Honda, Kia, and Subaru will gain traction as their new hybrid and plug-in hybrid offerings transition into the used market. Top Selling Used EVs In this category, we observe the Tesla Model 3 making its way to the top spot. Electric vehicles represent a notably smaller segment of the used car market compared to hybrids, primarily because most of them are relatively recent entrants, with exceptions being Tesla's Model S and the Nissan Leaf. It's unsurprising that these two brands occupy all five positions for the most popular used electric cars in America. Nevertheless, Tesla's reign in the electric vehicle domain will soon face challenges from a wide array of brands, spanning from Acura to Volkswagen. Consequently, this list might undergo significant transformations in the coming years. Top Selling Used Cars At Lawton CJDR At Lawton Chrysler Jeep Dodge Ram we uphold our promise of delivering great value to our customers with every used car. Give our car dealership a call to speak with a vehicle expert. We can provide information about inventory, payment options, and pre-approval on our vehicles. Check out our website to view our full online new and used inventory. Make sure you check out our monthly specials and make an appointment with us to keep up with your vehicle maintenance. Worried about finances? Visit our online finance department to see how we can help you get your dream car. You can trust us to help you get the right car and with award winning services. See you soon! Phone (508) 215-0083 Address 215 SE Interstate Dr., Lawton, OK 73501 Return to Blog

Used cars, or pre-owned cars are vehicles that have had previous owners and are being sold in the secondary market on car lots.

Top Reasons To Own A Used Car

Used cars, also sometimes called pre-owned cars, are cars that have had previous owners and can be found at car dealerships among other places. Top reasons to own used cars include saving money, less depreciation, lower insurance costs, easier financing, and cheaper maintenance costs. Find high quality used cars for sale at Lawton Chrysler Jeep Dodge Ram in Lawton, Oklahoma. When it comes to buying a car, many people immediately think of brand-new, shiny vehicles fresh off the assembly line. However, there are plenty of compelling reasons to consider owning a used car instead. Owning a used car offers a multitude of advantages, including significant cost savings, lower depreciation, reduced insurance costs, easier financing options, and more affordable maintenance. Whether you're a first-time car buyer or a seasoned driver looking for a budget-friendly option, a used car can provide a reliable and economical solution. What Is A Used Car? A used car, aka, pre-owned car, is a vehicle that has had previous owners and is being sold in the secondary market. Used cars come in a wide range of ages, mileage, and conditions, making them a versatile option for prospective buyers. Ways That Car Dealerships Get Used Cars Car dealerships acquire used cars through various means, including trade-ins from customers looking to purchase new vehicles, auctions, lease returns, and purchasing used cars from individuals. They tend to go through rigorous inspections and refurbishment processes to ensure the vehicles are in good condition and ready for resale. Reasons To Own A Used Car Below we have listed the top 5 reasons to own a used car. 1. Save Money One of the most significant advantages of owning a used car is the cost savings. New cars depreciate rapidly in the first few years, often losing a significant portion of their value. Used cars have already undergone this initial depreciation, making them more affordable upfront. This means you can get a high-quality vehicle without the premium price tag associated with new cars. 2. Less Depreciation New cars can lose up to 20% of their value in the first year and continue to depreciate over time. Used cars, on the other hand, have already experienced the steepest part of their depreciation curve. This means you'll likely lose less money in depreciation over the ownership period of a used car compared to a new one. 3. Lower Insurance Costs Insurance premiums are often calculated based on the value of your vehicle. Since used cars have a lower market value than new ones, insurance costs for used cars are generally lower. You can save money on insurance while still getting adequate coverage for your vehicle. 4. Financing Is Easier On a Used Car Versus A New Car Obtaining financing for a used car is often easier and more accessible than securing a loan for a new car. Lenders may offer more favorable interest rates and terms for used car loans, making it a budget-friendly option for many buyers. 5. Cheaper Maintenance Costs New cars often come with warranties that cover repair costs for the first few years. However, once the warranty expires, you'll be responsible for any maintenance and repair expenses. A used car can be more cost-effective in the long run because they have already gone through the initial period of high depreciation and may have lower maintenance costs compared to their brand-new counterparts. Buy Used Cars From Lawton Chrysler Jeep Dodge Ram If you're considering the benefits of owning a used car, Lawton Chrysler Jeep Dodge Ram is the place to explore your options. We offer a wide range of high-quality used cars that have been carefully inspected and prepared for resale. With their knowledgeable staff and extensive inventory, you can find the perfect used car that suits your needs and budget. Check out our full online vehicle inventory for all the new and used cars for sale. We also have monthly specials that you won’t want to miss. You can chat with our experienced staff on our website, schedule a test drive, make a service or maintenance appointment, see our financing option, or come to the lot to view our huge selection in person. Phone 580-215-0083 Address 215 SE Interstate Dr., Lawton, OK 73501 Return to Blog

The Hemi V8 will be discontinued at the end of 2023 and replaced with the Hurricane engine which offers higher performance.

Last of the Legends: Hemi V8 Engine Discontinued After 2023

Hemi V8 engine makers, Stellantis announced that they will discontinue this specific engine by the end of 2023 because of new emission laws and overall industry evolution. The Hemi V8 engine is most known to be in Jeep, Dodge, and Ram makes, but other engine options are available. The replacement for such a desired engine is an 800-volt all-wheel drive EV called the Banshee powertrain. Jeep, Dodge, and Ram are three vehicles that are well-known and consistently driven. Owned by the parent company Stellantis which is based out of the Netherlands. Different engine packages are equipped in the different vehicles for their specific purposes of off-roading, inner city gas mileage, or just the right type of feel for the car. New vehicle emission laws as well as engine evolution indicate changes may be coming sooner rather than later for Jeep, Dodge, and Ram vehicles and you need to be ready. Engine expansion is right around the corner, and plans for the Hemi engine to be no more is part of the plan. You do not want to miss out on some of the last Hemi V8’s. With this being the possible end to the legendary Hemi V8 and its counterpart vehicles which you probably know as the Hellcat, everyone is going to want the last of the legends. Keep reading to learn how you can get behind the wheel of some of the last legendary Hemi V8 engine fueled vehicles. Engine Packages Below we have a list of the most legendary engine packages available for Jeep, Dodge, and Ram models. Don’t forget that until the end of 2023, you’re able to get any of the engines below at Lawton Chrysler Jeep Dodge Ram in Stillwater, Oklahoma! Without further ado, let’s jump into the details of these 4 legendary engines. 3.6-Liter Pentastar V6 Starting off with the 3.6-Liter Pentastar V6 engine, it’s recognized as the entry-level engine package for new car deals and has been rumored to be removed for some time. Offering up to 305 horsepower and 269 lb-ft of torque, the Pentastar base-level engine is offered in Jeep, Dodge, and Chrysler vehicles. With this V6 averaging about 16.5 miles per gallon, there isn’t much question as to why it would be released as newer and improved models are being introduced. 3.0-Liter EcoDiesel V6 Up next is the 3.0-Liter EcoDiesel V6-a complete powerhouse. Pulling machinery, moving equipment, and getting work done are what the EcoDiesel V6 prospers in. One of the few to still carry an EcoDiesel, Ram trucks offer 260 horsepower and up to 480 lb-ft of torque thanks to the configured EcoDiesel engine. This Eco V6 has put Ram 1500 trucks in the best-in-class diesel towing capacity figures such as 12,650 pounds. Offering 22 mpg within the city and 33 mpg on the highway, this Stellantis-Dodge engine has proved itself to be reliable and powerful. 5.7-Liter Hemi V8 The Dodge truck has used the legendary 5.7-Liter Hemi V8 which provides up to 400 horsepower and 410 lb-ft of torque, since 2004. The Hemi V8 will continue to be the Ram Truck engine of choice for all 2023 models. This is of course until the new Hurricane engine, with higher horsepower and torque, replaces the Hemi V8 starting in 2024. Four-wheel drive Ram trucks are currently averaging 15 mpg in the city and 22 mpg on the highway. They are also coupled with the eTorque mild hybrid system for fuel efficiency. 6.4-Liter Supercharged Hemi V8 The 6.4-Liter Supercharged Hemi V8 is best considered the top dog of the Ram truck engine line–rightfully so because of its exclusive job of powering the Ram TRX. Maintaining 702 horsepower and 650 lb-ft of torque since its original release, the Hemi V8 continues to provide its drivers a 0-60 mph in just 4.5 seconds. Focused on performance and off-roading, the TRX V8 engine provides you with a ride you’ll never forget. Electric Vehicles and Emissions With the direction the auto industry is moving in, all electric changes are expected and necessary to keep up with the times. Lovers of the Hellcat, which give the Dodge Challenger, Charger, and Durango SRT its bonafide speed and torque, have one last chance before this engine goes at the end of 2023. The replacement for such a desired muscle street engine is planned to be an 800-volt all-wheel drive EV called the “Banshee powertrain”. A less powerful model with a 400-volt EV system will also be available. Hurricane or Hellcat The Hellcat engine already offers up to 707 horsepower, 650 lb-ft of torque, and a 0-60 mph speed of 3.6 seconds. This alone is something that people desire to have. Power and speed are features of special vehicles that cannot be overlooked. According to Stellantis, the short-term replacement, before full EV, for the Hellcat will be the new Hurricane engine. Also expected to take over the Ram truck 1500 Hemi V8 as well, the Hurricane offers between 420-510 horsepower. Among the expected Ram 1500 and temporary Hellcat replacement, Jeep models are also planned to be a part of the new Hurricane engine swap. Last Hemi V8 Engines for Sale at Lawton Chrysler Jeep Dodge Ram Lawton Chrysler Jeep Dodge Ram carries Chrysler, Dodge, Jeep, Ram, and other vehicles. Whichever year, make, and model you are searching for, you won’t need to look further than Lawton Chrysler Jeep Dodge Ram. With expected changes coming to the line of engines provided through Stellantis, we're taking every step with you to ensure you find the perfect vehicle . As the Hemi V8 is on its way out the door, we hope to see you entering through our front door. Come experience the upcoming Hurricane engine next year and the complete EV makeover as time progresses through the auto industry. If you are looking for the last legendary Hemi V8 engines, then check out our website to view our full online new and used inventory. Make sure you check out our monthly specials, and see our flexible financing option to learn how we can help you get your dream car. Looking for auto repair? Check out our service & parts page! You can trust us to help you find all the types of Hemi V8 engines you can imagine! Phone (508) 215-0083 Address 215 SE Interstate Dr. Lawton, OK 73501 Return to Blog

Red 2019 Dodge Caravan Minivan

Magnificent Minivan Anniversary

FCA Celebrates 35 Years of Minivans Unless you’re a parent trekking to and from soccer games to church to piano practice and back, you’re probably not a giant fan of minivans. A minivan isn’t stylish or designed to impress, it’s just a necessity for some families, yet slowly becoming rejected for spacious SUVs. Fiat Chrysler Automobiles does not want to see the minivan fade away, though, since they are the proud creators of the vehicle class that debuted back in 1984. In 2018, FCA sold over 270,000 minivans thanks to the Chrysler Pacifica and Dodge Grand Caravan. FCA was the first to make a hybrid minivan, the Chrysler Pacifica Hybrid, and families still love to give this van a test drive when they visit Lawton Chrysler Jeep Dodge Ram. 2019 is the 35th Anniversary of the minivan class and FCA dealerships like Lawton Chrysler Jeep Dodge Ram are ready to celebrate with the unveiling of the 2019 Chrysler Pacifica and 2019 Dodge Grand Caravan! The original Pacifica rides with a 287-horsepower Pentastar V6 and nine-speed automatic transmission, while the Pacifica Hybrid offers up to 32 miles of electric driving range and 520 total miles thanks to its plug-in hybrid drivetrain. Pacifica trims of Touring L, Touring L Plus, and Limited will be available 35th Anniversary style with liquid chrome Chrysler wing badges, gloss black trim on the front and rear, and an Anniversary badge. The black interior will have Cranberry Wine accent stitching on the Nappa leather seats, door panels, and steering wheel with the 35th Anniversary logo on the front floor mats. There’s also an S Appearance package that will make your family minivan edgier with a black grille, rear valance molding, and accents on the headlights, wheels, and badges. The 2019 Dodge Grand Caravan comes with 6-speed shiftable automatic transmission and front wheel drive on all trims, along with standard auto-dimming rearview mirrors and FCAs second-row Stow ‘n Go seats that fold right into the floor. The Dodge trims of SE and SXT will have the 35th Anniversary options of 17-inch silver aluminum wheels, Anniversary fender badges, and a bright grill with the same interior stitching and floor mats as the Pacifica trims. In addition, you’ll see a piano black console and gauge cluster accents on the Dodge Anniversary trims. Lawton Chrysler Jeep Dodge Ram cannot wait to see these historic and mystical minivans ride onto our lot in the summer of 2019! We hope you will visit our local dealership team down in Lawton near Fort Sill, Cache, and Elgin to test drive a new 2019 minivan. And of course, if a minivan is not your style, we’ve got 2019 Jeeps and Ram trucks with your name on them! Lawton Chrysler Jeep Dodge Ram also offers a variety of used vehicles priced exactly right just for you.

Today's Most Popular Car Colors

Today's Most Popular Car Colors Things are shifting in the wonderful world of car hues, and long-standing favorites are taking a backseat to less-traditional, more exciting colors - if you're a man, that is. For women, classic neutrals and practical paint colors poised to stand the test of time remain top choices. So - what are this year's most popular car colors? According to a study by iSeeCars, men are ditching sporty classics like red and black in favor of modern hues like orange, yellow, and brown. In fact, orange gained a staggering 73.3% in popularity this year, while red dropped by nearly 33%, to number four on the list. Conversely, women know what they want - and its gold, silver and beige cars (in that order). "These study results could suggest that women are more practical in their choices. For the most part, they may just want to buy a reasonably priced car that safely drives them around," said Phong Ly, co-founder of iSeeCars. "On the other hand, for men, perhaps they may be a bit more idealistic about cars, preferring something that has speed and is fun to drive." iSeeCars analyzed 30 million used vehicle listings and the color requests today's shoppers are making, and broke them down by gender. Here at Lawton Chrysler Dodge Jeep Ram, we want to know what you think - does this study reflect your preferences? Tell us in the comments! Regardless, we'll help you find a car to reflect your unique personality. Stop by to see our broad lineup of vehicles, and long list of color options. See some of our fun colored inventory!

New Mopar Service Capacity Analyzer

Mopar, the official parts producer for Chrysler, Dodge, Jeep, and Ram vehicles, has introduced a customer service analyzer to help auto dealerships enhance customer experience. The new Mopar Service Capacity Analyzer predicts the best customer service strategies both now and in the future. The Service Capacity Analyzer uses algorithms to make these predictions based on factors such as the number of technicians and advisors as well as available hours. Dealers can also use the analyzer to test hypothetical situations and determine the best course of action, the data for which is compiled on a summary page. The analyzer predicts customer needs out to the year 2018. The analyzer is offered in conjunction with other supportive materials and incentives from Mopar. This includes a Service Capacity Guidebook and incentive programs like the Technician Warranty Exemption Program and the Shop Competency Program. Mopar also offers the Career Automotive Program, which works with auto tech schools to match up newly trained technicians with dealerships, leading to many lifelong careers.

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