We all know that the year is coming to an end and services are often more expensive during the festive season. But it is a surprise to realize there has been a shocking decline in the car shipping prices per mile.
After an expected increase at the beginning of the college year in September, per-mile car shipping prices have dropped from 3.75% to $1.05. So, many people want to know the cause of this unstable price and if they should be worried or if it’s just normal seasonal fluctuations.
In this blog post, US Car-Go Freight takes us through the reasons behind the decline in cost per mile in the car shipping industry, and what to expect as 2025 approaches.
It is very clear that many auto shipping companies do not charge the same price when it comes to shipping your cars, however, it is always around some particular amount of money.
2024 in the auto shipping company has taken a very not-so-good turn, especially regarding shipping prices. The industry has been experiencing inconsistent price rates because of many problems such as inflation shortages of truck drivers.
As more car shipping companies enter the auto shipping market, competition has greatly increased, which is often a recipe for driving prices down. This has made many auto shipping companies reduce their prices in order for them to be able to attract customers and stay in business all year round.
If you have been buying fuel across the country throughout the year, you will notice the unstable price of fuel. Because of this, car shipping companies are unable to constantly have a price for their services.
The truth is, that the cost of shipping a vehicle reduces when fuel decreases and increases when the fuel price also increases. This displeases many customers and makes them want to only ship their cars when fuel prices are low.
The car shipping industry does not experience the same demand throughout the year. This means they have seasons where many people want to use their services such as summer and the holidays, and seasons where they have very limited customers.
During peak seasons, prices are high and when seasons with fewer shipments come, carriers are eager to secure business at lower rates.
Lower car shipping costs per mile make customers save a lot of money, especially for long-distance shipments. Whether you are moving across the country or purchasing a car from a dealership in another state, you could find that shipping fees are more affordable as we approach 2025.
While car shipping prices are dropping now, that does not mean it will continue as we step into 2025 and stay like that as the year runs out.
No one is sure about what will be the global fuel prices, and as the economy shifts, so too could the cost of shipping.
Additionally, there will surely be an increase in the use of electric vehicles which could affect shipping costs in a way nobody expected. Nevertheless, for now, it is important to take full advantage of the low shipping price as the year ends.
As we are coming to the end of the year and the prices for car shipping per mile are reducing, it allows consumers to save a lot of money as they ship their vehicles to their desired destinations. Therefore, if you are still contemplating whether to ship your car or not, this is the perfect time and this opportunity might not come again.
Are you looking for ways to ship your car and know more about the auto shipping industry? US Car-Go Freight is the best company that can give you both the best services and the latest news about the industry. Contact us today for a quote and relax as we meet your needs and deliver your cars at the right time.