Cu Chulainn wrote on Jun 13
th, 2021 at 7:21pm:
Sprintcyclist wrote on Jun 13
th, 2021 at 6:53pm:
lee wrote on Jun 13
th, 2021 at 6:48pm:
The price of used cars has risen due to the unavailability of new cars. Some waiting list are months long, some 12 months.
Do you think these prices will decline soon?
When the car makers can buy enough silicon fabrication. Chip makers can't keep up because car makers thought there would be a downturn in new sales due to covid and reduced their chip requirements but they were wrong, the silicon plants had thus since moved on to other chips they were contracted to make like NVidia chips which are also in extreme demand due to crypto mining. This might all take a couple of years to fully work out but there are, I believe, new silicon factories being built. Perhaps Biden might buy into it in his push to keep the US at the top of the IT ladder. This is what can happen when an industry relies on JIT manufacturing and one of the providers, can't supply.
good post chu.
but its also the fact that aussies normally spend 65 billion a year on overseas travel and now that is being spent on cars, caravans , boats and tractors

.
higher demand = higher prices.
toyota and mazda (who collaborate quite a lot) and honda are solvent companies and dont have to cut corners.
nissan and gm have had to get injections of capital from fiat and renault and then you have land rover and peugot and all the struggling brands trying to team up and it just becomes a bit of a catastrophe.
you would not be advised to buy a car made by any of the above listed companies.
stick to toyota, honda and mazda in my books.
you wont go far wrong.
learn how to change oil, the 3 filters, transmission fluid , coolant and do those things REGULARLY.
even more regularly then the service recommends
and dont go to a dealer.
they employ pimply faced , dope smoking 17 yo numpties.
learn to do it yourself.
all the info is on youtube.