/ 23 March 2022

New car, new extended wait times

Image source: Unsplash
Image source: Unsplash

If you’re in the market for a new car, well aren’t you fancy… And you’re facing lengthy delays of more than 12 months on popular models. It’s down to the ongoing global computer chip shortage, which has been exacerbated by 2 years of lockdown restrictions and shipping delays, and the war in Ukraine. Most cars these days rely on the chips to function, and the shortage has seen global car production fall up to 40% in some markets. Major carmakers including Toyota General Motors, Ford, and Kia are among those hit. And for another whammy: the cost of new cars have jumped 25%, and used cars are up to 50%, according to pricemycar.com.au. Add it to the list of things to get revved up about…

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