Is now a good time to buy a new car? Delivery delays, higher prices hit the industry

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Delivery times for popular car models have blown out to more than a year, as Russia's invasion of Ukraine exacerbates supply chain issues, driving up the cost of new and used cars.

French manufacturer Peugeot has reverted to analog speedometers instead of digital units for some models.

"Chip producers took this on board and shifted their production to chips that are used in electronics, IT equipment, things like that, where demand was really strong," she said.Global car production drops Compared to 2019, US car production is down 41 per cent, Germany's fell 31 per cent and the United Kingdom dropped 36 per cent."We expect Euro brands who source the majority of their stock from Europe to experience challenges in bringing in stock to Australia across 2022," Datium Insights Head of Business Intelligence & Product Tanim Ahmed said.

"Russia, for example, is a major supplier of copper, but those supplies are now being disrupted in the global marketplace. It's generally a challenging time for manufacturers in all sectors. And car producers are no exception to that.""There are vehicle manufacturing capabilities in some of those markets. And as they close, that's just going to add to the the global disruption in production," Mr Voortman said.

Total new car sales were 1.6 per cent higher in February compared to the previous year. Many of those sales are orders that still need to be filled. Demand for cars fell in 2020, but bounced back in 2021. "People used to be able to walk into a dealership and drive out with a car. Now it's more about walking in making an order [and] waiting for the kind you want to arrive," he said.Keith Pulbrok from Her Car and client Amanda Brown.

 

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