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COVID-19 wrecked the car market. When will it make a U-turn?
Ben Simmoneau
Anchor/Reporter
COVID-19 wrecked the car market. When will it make a U-turn?
to tell us when they바카라 게임 웹사이트ll go be back to normal-- Ben? ***BEN*** Some had hoped it would happen this year... but now that바카라 게임 웹사이트s not looking likely. The r camarket is so upside down right now one local man says a dealer turned down CASH. ***PKG* * ((**PKG**)) WHEN ***PKG*** ***ED/MARIA*** So best case scenario rfo this to be fixed is April? ***BEN** That바카라 게임 웹사이트s what Karl is hearing-- And I spoke to someone eels in the business thisor mningho w says manufacturers are telling dealers they바카라 게임 웹사이트re hoping to be at normal inventory by the second quarter of next year-- Which is April, May or Ju
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COVID-19 wrecked the car market. When will it make a U-turn?
Ben Simmoneau
Anchor/Reporter
The pandemic and related supply issues have turned the car market upside down and while some hoped the course would change this year, causing prices to rise for both new and used vehicles 바카라 게임 웹사이트 if any can be found. Increased demand crashed into computer chip shortages, wrecking the market. Dealer's lots are empty, meaning potential buyers have fewer options. When Chris Shaw went to buy a new car last weekend in Marlborough, Massachusetts, he was asked questions he'd never faced during a vehicle purchase, like whether he lives nearby. "The second thing he came up with was, 'You're going to finance the car, right?' And we said, 'No, we're lucky enough to be able to pay cash for it.' And he said, 'That's a big problem, actually. You have to finance,'" Shaw said. So Shaw thought he would take out a loan and pay it off right away. "And he said, 'No, we're not allowing you to do that either, you have to pay at least six months on the loan before you can pay it off,'" Shaw said. "My wife and I looked at each other and (thought) 'What, they're not going to take our money?'""Even if you find that car, you'll probably going to be at the mercy of the market and the dealer able to charge whatever he wants," said Karl Brauer, executive analyst for iSeeCars.com.That could mean charging more than the sticker price or requiring customers to finance so the dealer makes money off the loan. But the lack of new cars means used cars are in high demand, which could be good news for anyone with a leased vehicle. "Almost any lease buyout price that was set three years ago is going to be lower than the actual value of the car now," Brauer said. "Remember they always base that price, they predict it three years out and three years ago they did not predict pandemics and microchip shortages."Flipping the vehicle could be troublesome, however, if there are no other cars to buy instead. "We don't know if that will happen before April of 2022, summer of 2022. It's a big issue and it's not going to get fixed any time soon," Brauer said. The hottest models right now can be on a year-long waiting list. At the top of that list right now are the Hyundai Santa Cruz, Chevrolet Corvette, Mercedes-Benz GLS and Subaru Crosstrek.

The pandemic and related supply issues have turned the car market upside down and while some hoped the course would change this year, causing prices to rise for both new and used vehicles 바카라 게임 웹사이트 if any can be found.

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Increased demand crashed into computer chip shortages, wrecking the market. Dealer's lots are empty, meaning potential buyers have fewer options.

When Chris Shaw went to buy a new car last weekend in Marlborough, Massachusetts, he was asked questions he'd never faced during a vehicle purchase, like whether he lives nearby.

"The second thing he came up with was, 'You're going to finance the car, right?' And we said, 'No, we're lucky enough to be able to pay cash for it.' And he said, 'That's a big problem, actually. You have to finance,'" Shaw said.

So Shaw thought he would take out a loan and pay it off right away.

"And he said, 'No, we're not allowing you to do that either, you have to pay at least six months on the loan before you can pay it off,'" Shaw said. "My wife and I looked at each other and (thought) 'What, they're not going to take our money?'"

"Even if you find that car, you'll probably going to be at the mercy of the market and the dealer able to charge whatever he wants," said Karl Brauer, executive analyst for .

That could mean charging more than the sticker price or requiring customers to finance so the dealer makes money off the loan.

But the lack of new cars means used cars are in high demand, which could be good news for anyone with a leased vehicle.

"Almost any lease buyout price that was set three years ago is going to be lower than the actual value of the car now," Brauer said. "Remember they always base that price, they predict it three years out and three years ago they did not predict pandemics and microchip shortages."

Flipping the vehicle could be troublesome, however, if there are no other cars to buy instead.

"We don't know if that will happen before April of 2022, summer of 2022. It's a big issue and it's not going to get fixed any time soon," Brauer said.

The hottest models right now can be on a year-long waiting list. At the top of that list right now are the Hyundai Santa Cruz, Chevrolet Corvette, Mercedes-Benz GLS and Subaru Crosstrek.