Did you know that there is a shortage of semiconductors around the world? As a result, new vehicle production is expected to be delayed or at least limited even during the second half of 2021. This means there is a shortage in the inventory for new cars and it is expected to continue in 2022. So, if buying a new car is part of your plans, you might want to order one now. Alternatively, you can consider looking into second-hand or used cars from auto wreckers in Sydney if you want to save some cash and get your own car, in case you cannot wait!
There’s A Shortage Of New Cars
Industry experts originally forecasted that the shortage should recover by the end of 2021, but it looks like the trend will persist for longer than that. The effects of the reduced production of car assembly lines overseas are certainly being felt in Australia. Many top car brands down under have already advised dealers to anticipate stock shortages to worsen before they improve. Toyota may be unaffected by the shortage because they have stockpiled semiconductors, but other manufacturers like Nissan, Hyundai, Mitsubishi, and Kia are not doing well.
But Second-Hand Cars Are Becoming Expensive, Too
The COVID-19 pandemic has made it challenging to afford new cars because of uncertainties in terms of employment and medical treatment for the disease. As a result, more people are considering cheaper options, like used or second-hand cars from auto wreckers in Sydney. They want to drive their own car to avoid getting exposed to the virus in public transportation and to socially distance themselves from others. It also allows them to get around more conveniently to buy essentials or when they need to go to the hospital for medical attention.
However, with more people buying used cars, this led to a shortage of these products, too. And with reduced supply and a high demand for such vehicles, the prices soared. So, you could expect second-hand vehicles to be more expensive now and way into 2022!
Other Options
People who may already have their own cars but could use some repairs or replacement parts could turn to auto wreckers in Sydney to get the components that they need. That way, they won’t have to order parts online or import from abroad. Many auto wreckers are licensed car removal businesses with their own wrecking facility and knowledgeable technicians to carefully dismantle parts for recycling and reuse.
If you still have an old car that you could still drive, we may be able to help. Amazon Cars and Spare Parts are licensed auto wreckers in Sydney and you can call 0412 711 318 to check if we have the components that you need. Should need extra cash during this time, you could opt to sell your used car to us no matter its make, model, or year. We’re known to pay up to $7,000 or more, with free paperwork and towing to ensure a hassle-free way to get rid of an old car!