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Edmunds: Shopping for a car this year will not be the same

2021 was an unusual year for the automotive industry. While customer demand for new cars rebounded from the economic uncertainty of 2020, automakers found themselves unable to meet that demand because of semiconductor chip shortages and supply chain problems. So what should car shoppers expect for 2022? Much of the same, unfortunately.

“Competition for new vehicles will be fierce as inventory shortages persist in 2022,” said Ivan Drury, Edmunds’ senior manager of insights for Edmunds.

Shoppers today must contend with a limited selection, dealership markups, little to no discounts, and a greater sense of urgency to move quickly on a deal. With this in mind, here are five ways that car buying has changed, along with a few tips on how to manage it.

 

ONGOING VEHICLE SHORTAGE MEANS HIGHER PRICES

Vehicles that make their way onto the lot are more likely to be in more expensive trims and either marked

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2022 What Car? Car of the Year Awards: The Contenders

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Hyundai IONIQ 5 named 2022 ‘German Car of the Year’

Published: Nov. 25, 2021 at 3:00 AM EST|Updated: 1 hour ago

  • IONIQ 5 wins final round of 2022 ‘German Car of the Year’
  • Hyundai’s fully-electric midsize CUV prevails over world-class competitors

OFFENBACH, Germany, Nov. 25, 2021 /PRNewswire/ — Just half a year after its launch in the German market, Hyundai’s IONIQ 5 has been named 2022 ‘German Car of the Year’ (GCOTY). In the final round of the notable award, the fully-electric midsize CUV prevailed over its world-class competitors.

Hyundai’s IONIQ 5 has been named 2022‘German Car of the Year’
Hyundai’s IONIQ 5 has been named 2022‘German Car of the Year’

At the GCOTY awards, the top car model launches of the year compete against one another in five categories: “Compact”, “Premium”, “Luxury”, “New Energy”, and “Performance”. An internationally networked jury of 20 automotive journalists tests and evaluates each product in terms of product features, relevance, and future viability. As the class winner in the “New Energy”

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Lucid Air Named 2022 MotorTrend Car of the Year

Lucid’s first EV earns coveted award, recognizing Lucid Air’s unrivaled combination of efficiency, performance, and luxury with EV powertrain technology developed and manufactured entirely in-house

Published: Nov. 15, 2021 at 7:00 AM EST|Updated: 8 hours ago

NEWARK, Calif., Nov. 15, 2021 /PRNewswire/ — MotorTrend announced today that the Lucid Air has won the 2022 MotorTrend Car of the Year, the first instance in which the initial product from a new automotive brand has been awarded the “Golden Calipers.”

Lucid Air was awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors...
Lucid Air was awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors from major manufacturers. Designed in Silicon Valley and produced in Arizona, Lucid Air delivers an industry-leading 500+ miles of range and up to 1,111 horsepower from Lucid’s proprietary powertrain technology, which is designed and built in-house.

MotorTrend’s Car of the Year award is considered one of the most prestigious in the automotive industry.

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