If you’re thinking of buying a brand new car from the showroom, you might want to think again – in some cases, depending on the manufacturer, the waiting list could be well over a year.
WHY THE LONG DELAY
As cars become more and more complex, it’s no surprise that a modern car can have between 1,500 and 3,000 chips to operate things such as engine management systems, safety devices, and navigation systems.
During the height of the coronavirus pandemic, demand for personal computers, tablets, and smartphones, diverted chip supplies away from the automotive sector. Add the chip demand to the widespread staff absences because of the pandemic then you have a motoring crisis unlike any other.
WHEN WILL THE CHIP SHORTAGE END
This is a difficult one to answer, and the truth is, nobody knows the answer. Several manufacturers believe they’ll be supply issues to the industry well into 2022. And possibly into 2023. Only time will tell.
BUYING YOUR NEXT CAR
As waiting lists continue to grow for new cars, more and more people are buying used. The used car market is currently booming thanks to this shortage and it isn’t slowing down anytime soon.
BUYING USED
If waiting over a year doesn’t sound appealing (and why would it), then buying used is still a great option. Buying used often means you can pick your dream car and drive it from the dealership the very same day. And, if you’re looking to sell your car, selling prices have never been higher.
To find your dream (available) car, browse our website or pop by to start your search. We also have amazing finance options available for you too.