Service Plus Credit Union

Car Buying In 2023: What to Expect

Posted on April 28, 2023 at 7:14 AM by Service Plus

As we enter the year 2023 car-buying season, the landscape in the Midwest is poised for some significant changes. With the rise of electric vehicles, increasing concerns over climate change, and advancements in technology, the way we buy and own cars is evolving rapidly. 

Here are some of the things to expect when buying a car in 2023.

More Electric Vehicles (EVs)

With the rise of environmental concerns and the push for more sustainable living, electric vehicles (EVs) are becoming increasingly popular. In 2023, we can expect to see more EV models available in the Midwest, in line with the goal that half of all new cars sold in the U.S. will be electric by 2030. While EVs have a higher upfront cost, they can save money in the long run due to lower fuel and maintenance costs.

Increased Focus on Safety Features

Safety has always been a top priority for car buyers, but in 2023, we can expect to see an increased focus on safety features. Many car manufacturers are already including advanced driver-assistance systems (ADAS) as standard features, such as lane departure warnings and automatic emergency braking. In addition, there may be an increased demand for features like blind-spot monitoring, rear cross-traffic alert, and adaptive cruise control.

Online Car Buying

The pandemic has accelerated the trend toward online car buying, and this trend is likely to continue in 2023. Online car buying allows consumers to browse and purchase vehicles from the comfort of their own homes without the need to visit a dealership. In addition, online car buying can save time and may even lead to better deals. However, it's important to be cautious when purchasing a car online and to ensure that the seller is reputable.

More Advanced Technology

Technology is advancing rapidly, and the automotive industry is no exception. In 2023, we can expect to see more advanced technology in cars, such as improved infotainment systems and more sophisticated driver assistance features. We may also see more connected cars that allow drivers to access real-time information and services through their vehicles.

Continued Shift to SUVs and Trucks

In recent years, there has been a shift towards SUVs and trucks in the Midwest. This trend is likely to continue in 2023 as consumers prioritize larger vehicles with more cargo space and towing capacity. However, as EV technology advances, we may also see more electric SUVs and trucks enter the market.

Final Words

If you're looking to purchase a car in 2023, there are a few things to keep in mind: 

  • Consider your needs and priorities, such as fuel efficiency, cargo space, and safety features. 
  • Research the available models and compare prices to ensure you're getting a good deal. With the right knowledge, you can find the perfect vehicle to suit your needs and budget.
  • Be aware of scams and ensure you're purchasing or financing your car from a reputable dealer.

Whether you're in the market for a brand-new car, a pre-owned vehicle, or simply looking for a new payment plan for your current car, Service Plus Credit Union is ready to help get your wheels rolling. Don't let financing hold you back from getting your dream car! We offer competitive rates and personalized service for car financing in the Rock Island and Henry County area of Illinois. Contact us at 309-736-2505 to start your car-buying journey with confidence.

Categories: Car Buying

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