Am looking to buy a brand new car but have heard wait times are like 6 months. Anyone have any personal and recent experiences of buying a new car and can comment on the wait time?
New car wait times
- Thread starter JohnnyWishbone
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Ordered a new Tucson hybrid in September. $500 deposit. Should get it next summer.
2 family members purchased new vehicles. None delivered 3 months now. 6 months could be right
It depends on make & model
Some Toyota hybrids are 12-24 months
Some places have p/u trucks on the lot.
Most minivans & suvs are 6-12 months
Some Toyota hybrids are 12-24 months
Some places have p/u trucks on the lot.
Most minivans & suvs are 6-12 months
It's not the wait times you need to be concerned about. When the vehicle arrives expect and I mean expect (this is a given) the dealership will tack on several hundred dollar more, say to you pay for extras, things have gone up in price - don't want to pay more, here is your money back.
Here is an example..
Here is an example..
This ridiculousness in the new car market will continue until the computer chip shortage resolves itself.
In terms of the resale market, I've heard that wholesale prices are beginning to fall; I'm not certain if that is translated over to retail prices yet. The cost of financing a used vehicle has increased significantly, which is also depressing prices.
In terms of the resale market, I've heard that wholesale prices are beginning to fall; I'm not certain if that is translated over to retail prices yet. The cost of financing a used vehicle has increased significantly, which is also depressing prices.
And the Dealership will say you didn't sign a Bill of Sale; only a worksheet; and the Provincial Regulators (OMVIC), which is made up of Dealer-Owners, will take the side of the Dealer every single time.
Looking at Toyota Corolla. I just looked at the 2nd hand prices for 1 year old cars too and they seem to be higher than the listed price for a brand new!
That's a popular model. I know the Japanese car lots are pretty empty(at least in my city).
I looked on Auto Trader and my local dealer and they are all high mileage(~30,000km+/yr) for $21,000+
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Bad news. I doubt that the "chip shortage" in the automobile industry will ever resolve itself.
The bottom line is that cars account for less than 10 percent of all chip sales (if memory serves). On top of that, the auto manufacturers only want to order old chips. Like 20 years old chips. Which in the chip world are the equivalent to CN ordering a Steam Engine instead of a brand new Tier 4 Diesel electro locomotive. The chip manufacturers have said that they will provide the auto manufacturers with all the chips they could possibly want, but they need to be modern (read new) chips. Big auto doesn't like that, not one bit, because it would mean that big auto would need to re-engineer all of their components that use chips to accommodate the new chips. And worse than that, much worse than that, big Auto would need to "prove" all these new fangled chips would actually hold up under use. That would cost billions. As far as big auto is concerned, the old chips are just fine. But given the low quantities ordered, and the low revenue on these old chips, the chip companies aren't really interested. In fact, I'd say they don't give a fuck.
I've read that the US government has gotten in on the action and is financing the construction of new chip plants. But it will take a loonnngggg time to design, build, outfit and get up and running a new chip facility to make old school chips (that no-one else wants). Current estimates are 2025 before any new American auto chip plant is up and running. So that means more like 2028, or if it's like the Eglinton Avenue LRT, 2032.
So bottom line, I don't see this getting any better any time soon and it definitely will not resolve itself. It's taking the US government to pump a cool 2 billion dollars into helping out the auto industry. For real.
Yeah, I also looked at 1 year old Corolla SE models and they seemed to be like $29k which is virtually the same price as a brand new one with taxes in
Thank you for the informative response. Fortunately, I have a very good mechanic and I am confident he can keep my older vehicles running for several more years.
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