Is The New Car Supply Shortage Situation Improving?

For anyone that is looking at buying a new car soon, has the whole supply situation been improving or has it been getting worse over the year? I am aware there has been a global chip shortage and also increased demand for cars since last year, but wanted to know which direction the whole situation is heading and whether wait times are getting longer or shorter.

Planning on buying a new Mazda 6 Touring but waiting on the right time. As of now, there is hardly any stock and there are wait times for buying a car. I would buy a demo at a discounted price but demos and used cars are being priced quite high so doesn't seem worth it.

How long are people waiting before buying a new car?

Comments

  • +6 votes

    I don't think it's going to get better this year TBH. I'm waiting to buy too but not going to FOMO in right now.

    •  

      Do you think next year is going to be a similar story as well?

      •  

        More product lines have been announced as on hold so I doubt it.

        If the situation was improving we would be hearing about these models to drum up interest for the jump in supply (many cars are sitting in lots waiting for chips).

        • +1 vote

          parked in fields, getting older and potential water ingression issues.

          •  

            @Ade99: How do you think manufacturers and dealers store most of their cars? I have seen new cars stored in mud in a repo yard because there just wasn't anywhere else.

  •  

    If there is wait time meaning supply is still short…

    •  

      I was hoping wait times have been getting shorter. I heard earlier in the year that people are waiting up to 6 months for particular cars.

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        Landcruiser 70 - 12+ months…

        •  

          they still make the 70 series?! Those are old af

          •  

            @Zachary: Yup!

            • -1 vote

              @spackbace: Well they must be heavily discounted from when they were originally released. No way the price they went from will stay in 2021 for the exact same model still looking pristine and brand new.

      •  

        Bloke i bought my house off this week been waiting for a Triton since early April, now told October…
        shame - his new caravan has been ready for ages

        •  

          He's doing well if his caravan has taken less time! I've heard of 18+ months wait

          •  

            @spackbace: yea agree - precovid some were 12 mth waiting lists…. hate to see what they are now!

            apparently Tritons are made in Thailand now? and its being smashed with the virus so no workers.

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              @pharkurnell: Most utes are Thai built

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                @spackbace: ahhh fair enough - didnt know that - has it been that way for long? I saw an article that said Toyota has stopped making the Hilux at moment.. they made there too?

                •  

                  @pharkurnell: Yeah been that way for a while. Yep Hilux is Thai built. Yeah read that article as well but it's only for a week, 4 days of which they normally close for a holiday. But fingers crossed it isn't longer!

        •  

          I purchased a GLS Triton in June 3 with 28th August delivery and I havn't heard it has been delayed further. I'm guessing your vendor ordered a special build?
          Hilux were quoting $17k more, and 3 months longer wait. Plus Hilux are 6 month service intervals vs 12 month for Triton, 6 months is quite annoying when you are long term touring in remote areas.

          •  

            @affable: Not sure, hes an older bloke, and gettin accessories fitted after purchase (brake controller/canopy etc)
            He made it sound like it was just a standard unit, could be wrong…

            FWIW, if they have stopped making hiluxes due to covid, I cant see why they are making others if they are all made in the same region.and delays will grow and grow

            •  

              @pharkurnell: hmmm…. I checked today with my dealer and she said still on track for end Aug delivery. Something fishy is going on, hope I'm not in for a big wait as I've already sold my current car!

              •  

                @affable: from another forum

                Blacklocks Isuzu in Albury appear to have about 70 Dmax's in stock.
                Depending on colour, don't think you'd have to wait long here

                70 cars??? thats a shit load of investment and space

  • +1 vote

    Nope!

    Just buy/order and sit tight waiting!

  • +1 vote

    You get to choose. Order and wait, or wait and order and probably wait some more.

    If you know what you want, might as well order it. Might wait 6 months, but that go pretty quick (except if you’re in lockdown). If you wait 6-12 months you might end up waiting another 6 months if the wait times haven’t decreased.

  •  

    Have mates in the industry - definitely getting better, but NO where near pre-covid. Silicon shortages in CPUs/Computer tech are still affecting cars and similar products. End of this year might be a bit better, but looking like a 2022 thing.

    • +1 vote

      Depends on the brand. Toyota has some car stock coming in soon, but we're gonna have issues later. Riots in Thailand etc, and then if Japan gets another bigger wave…

      • +8 votes

        Japan gets another bigger wave…

        Tsunami or covid?

  •  

    mid 2022 is when it may get better

  •  

    It's marginally better from what I've seen but it's still going to be a long time before it's back to precovid.

  • +6 votes

    Why are people waiting for more supply before ordering? I'd love to hear your reasoning…

    Most likely the prices will keep increasing, so why would you wait in the hope of a discount, when the price will have increased anyway?

    Better off just putting your order in and waiting…

    •  

      Maybe people who like the opportunity to drive the actual vehicle before committing to the purchase?

      • +1 vote

        Demo's still exist to test drive for most models…

    • +1 vote

      It kinda makes sense to hold off if you are buying used, but that will take even longer than new car supply returning to a more ‘normal’

      • +3 votes

        Yeah, that's gonna be years…

    • +9 votes

      Waiting for RAV4 kayak mounts?

    • +1 vote

      The reason is that I would prefer if they had the particular car that I want sitting in the dealership yard, and then I could go in and negotiate a small discount off it and buy it. As opposed to putting down an order and paying nearly full price and then waiting a few months for the car.

      The last time I bought a new car was in 2007 so obviously things are very different now.

      • +13 votes

        So let's say the car is $30,000 today

        What if the same car is $32,000 next year after a price rise, but you negotiate it down to $31,000 because it's sitting in their yard?

        Yet you could've bought it for $30,000, and been driving it earlier, which might mean getting rid of an older car with more expensive servicing, no warranty etc…

        I don't get the logic of waiting just for instant gratification… You're waiting regardless.

        And yes, from a Toyota perspective, our prices have been increasing each year lately. A RAV4 Cruiser hybrid goes up $1500-2500 in December (tho gets more features)… So those deciding to wait to buy are gonna be paying more. Same car went up in July last year by around $1200

        So the same car has gone up $2700-3700 over an 18 month period, and shows no sign of having plentiful stock such that it will be sitting on a dealer's yard… Soo, why wait?

        • +2 votes

          That makes sense. Cheers

        •  

          This is a very good logic!

        •  

          Spoken like a true salesman.

          •  

            @JIMB0: Feel free to poke holes in my data…

      •  

        and then I could go in and negotiate a small discount off it and buy it

        that aint going to happen right now..

    •  

      I've been reading on car-specific FB groups people order a higher end model and then got told they will have to change to lower spec model without certain electronic features because of the chip shortage.

  • +1 vote

    I cant imagine as many people needing cars lately during a pandemic/lockdown

    • +9 votes

      That’s the thing, it doesn’t make sense.

      There are several factors:
      - want to avoid public transport
      - can’t go on OS holidays so have spare cash
      - want to travel Aus but avoid planes, want a bigger car
      - just bought a caravan.
      - other luxuries like theatre, concerts not on. Restaurants have been limited. Spare cash.

      •  

        i feel so poor now with everyone buying brand new cars every day…

    • +3 votes

      People still need to work and cars still break down.

  •  

    Alot of dealers are also seeing that alot of people are willing to to order the car and wait. Which means dealers aren't committing to purchasing loads of cars and then selling them, They are just ordering what they sell.

    Myself, just bought a diesel tucson. The model hasn't been officially announced in Australia but the dealers are selling them. Paid a $500 deposit 2 months ago. Probably arrive in September sometime.

    Purchasing the car is based on me citing the car and agree to purchase for the sum I signed on the dotted line at the moment.

    I got a about 5% discount on the purchase price. And a price I was happy with for trade in.

    The deposit is 100% refundable. I know this because I actually ordered the same car from 2 different dealers and kept the one that gave the best deal and got a full refund about 3 weeks after placing deposit.

    Don't think the price or situation will Improve that dramatically and when it does everyone will also be ordering a car just like you are, and you would still need to wait.

    • +3 votes

      Which means dealers aren't committing to purchasing loads of cars and then selling them, They are just ordering what they sell.

      So very wrong…

      The factory is the one limiting supply of cars. We can't order excess cars to just have them sitting around in the yard, we actually struggle for the factory to make the desired number of cars to fill the order quota. I'm sure all the brands are the same.

      Any car brand would kill to have stock readily available to deliver! They wouldn't pass up that chance just because people are prepared to order. You realise how many people get turned away because they need a car sooner rather than later? Hence used car prices asking more than new cars

      • -2 votes

        Which factory? We should speak to the factory's manager

  •  

    Planning on buying a new Mazda 6 Touring…

    I would buy a demo at a discounted price but demos and used cars are being priced quite high so doesn't seem worth it.

    Awesome choice. We bought a 2015 model and loved it so much, when we sold out SUV we bought a 2018 GT as well.

    I was friends with the Dealer Principal when we bought the GT. He said Mazda Australia doesn't give the dealer any wholesale discount for demo cars (unlike most manufacturers who reduce the wholesale price for demo cars), therefore the discount comes out of their margin.

    Basically there is a floor to the discount you'll get on a demo, and that floor is the same as buying new.

  • +5 votes

    It won’t get better. The current situation has highlighted just how much money manufacturers have missed out on. They’ll be dribbling stock out to frenzied customers for years to come.

    IMHO, 3 months is reasonable wait. 6 months is barely ok- it’s have to be a cracker deal to wait that long. Any more, I’m walking.

  •  

    It relates to numerous factors, chip availability, Covit affected workforce, and shipment… answer is No.

    •  

      further I feel like dealers and companies will want to make this the "new normal"

      i get how controversial that phrase is but the dealers will want to make the public used to kissing their ring piece for expensive hard to get cars on high finance becuase they're happy to live the high life.

      TBF the car industry prior to covid was in dire straits and covid was the best thing to happen to them… just like covid is the best thing that happened to amazon colesworth the IT industry and HN JB etc.

      Make money on the backs of a virus is the best thing for these companies.