Car Prices Might be High for the next 2 year's

It's bad news for car lovers whose paid more than their expectation. 

Consumers will pay high prices for new and used cars for the next two years, so now most of you might know what the economic situation the shutdowns supply chain disruptions, and the surging demand for automobiles due to all the money printing and lending that car prices have skyrocketed.

It understood that for a couple of years the prices were going to keep rising. This whole chip thing took it to a whole new level but now consumers are going to pay high prices for two more years of chip manufacturers. The stockpile record amount of raw materials to end the shortage so if there's a record stockpile now, there are raw materials.  It has to be made into chips.

Why will it take two years? that car prices are going to stay high for two years now. When you look at new cars, of course, a supply shortage of new cars or a shortage of inventory is going to spill over into the used car market because if you can't buy a new car at a good price, you're going to look for a used car. Causing used car prices to go up causing the demand to go up there. 

The world's nine leading chip makers hit a record high of 64.7 million dollars worth of raw materials inventory in June as they continue to ramp up production, so here's the story, chip manufacturers are hoarding raw material to prevent a future shortage but they're not ramping up actual

production or manufacturing of the chips and they're blaming the labor shortage. 

Now some people say that this is a contrived shortage that they're holding back on making the chips to create artificial shortage and therefore make prices go high and then some people say that the plan is to bring all the chips into production all at once and therefore you're going to see a car price bubble go up and come down.

We've seen boom and bust before in various areas and industries for various reasons and who knows there could be people behind the scenes planning. This maybe nobody knows except for the people that are planning it if they're planning it. But this is not so good news for car lovers. 

I've got a couple of older vehicles and I try to keep them running as long as possible and I was thinking about upgrading here in the next at least a year or two, but I guess I might hold off but it's going to be two more years. I don't know it's a tough decision but as far as the shortage lasting at least a couple more years.

Intel CEO says chip shortage could stretch into 2023, so there you go again with the two-year prediction and this says here global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. Wall street journal visits a fabrication plant in Singapore to see the complex process of chip-making and how one manufacturer is trying to overcome the shortage. So we've got the intel CEO also saying two years.

 

High carb prices auto production isn't returning to normal. So are we headed into a great sickness? are we headed into a health crisis globally with all these new cases? Propping up with all these new cases popping up seems like it's getting worse. 

The news that founds today is not very good. What do you think though is it an artificial shortage? 

Maybe good news down the road. Here both intel and tsmc are in the middle of building, new fabs here in the United States which could be a killing blow to the shortage but it says, here we'll have to wait for a year or two until those facilities come into production. 

we're at here the average new car price now hits a record 41 000 $. so it's not looking good. The chip shortage and for everything else happening to create this inflation rising prices everywhere.