Discussion
The current inflated state of the used car market is in many ways down to chip supply constraints. Fabrication facilities are stretched to the max and this is unlikely to be resolved anytime soon. That much said, I'd (educatedish) guess that the supply issues ease up in 2022 which I suppose would lead to a normalisation of used car prices as new car supplies start ramping up again.
(puts away completely inaccurate crystal ball!)
(puts away completely inaccurate crystal ball!)
andrew said:
given that as well as IT stuff, just about every electrical item around the house now has chips in it,
i'm getting a bit cynical about this chip shortage business
unless anyone is experiencing the delivery delays and inflated used prices on laptops and washing machines ???
We buy quite a bit of IT kit for work, huge delays in procurement these days.i'm getting a bit cynical about this chip shortage business
unless anyone is experiencing the delivery delays and inflated used prices on laptops and washing machines ???
Lot's of IT equipment been in constraint for the past few months so the chip shortage is real, hardware manufacturers are expecting it to ease up by the end of the year. There will be a backlog of demand that will no doubt push into '22, I expect the same will happen in the motoring world.
I recently sold my 2018 GTC coupe to a Merc dealer for a couple of grand less than I paid for it (from a Merc dealer) in 2019. They sold it for £6k more than I originally paid for it.
The market in general is so crazy hot right now its hard to tell if there is more demand/love for these cars or if its just a biproduct of the wider market forces.
My guess would be that it's a combination of the two, as others have said they aren't making this car anymore and they were produced in relatively limited numbers (confirmed by https://www.howmanyleft.co.uk/vehicle/mercedes_amg... ). There also seems to be a wave of disgruntled Porsche owners who have realised how good this car is. Whilst the market may correct itself next year I don't think these cars will be too badly hit. But that's just my guess.
I recently sold my 2018 GTC coupe to a Merc dealer for a couple of grand less than I paid for it (from a Merc dealer) in 2019. They sold it for £6k more than I originally paid for it.
The market in general is so crazy hot right now its hard to tell if there is more demand/love for these cars or if its just a biproduct of the wider market forces.
My guess would be that it's a combination of the two, as others have said they aren't making this car anymore and they were produced in relatively limited numbers (confirmed by https://www.howmanyleft.co.uk/vehicle/mercedes_amg... ). There also seems to be a wave of disgruntled Porsche owners who have realised how good this car is. Whilst the market may correct itself next year I don't think these cars will be too badly hit. But that's just my guess.
andrew said:
given that as well as IT stuff, just about every electrical item around the house now has chips in it,
i'm getting a bit cynical about this chip shortage business
unless anyone is experiencing the delivery delays and inflated used prices on laptops and washing machines ???
Yup. Not for laptops or washing machines but avionics equipment. We use FPGAs which are becoming more prevalent in the automotive industry and we’re seeing reduced availability due to a fire at one of the chip manufacturers reducing capacity. i'm getting a bit cynical about this chip shortage business
unless anyone is experiencing the delivery delays and inflated used prices on laptops and washing machines ???
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