Buying A Car In 2023 ?

Purchasing a car in the past few years has been difficult,  because, there is a semi conductor shortage or supply chain issues.

There a fewer vehicles that are being made, because of the semi conductor.  As a result there is a lower supply of cars and the price has gone up, according to Flavio Volpe, president of the Automotive Parts Manufacturers Association.

The vechile supply shortage began during the start of Covid-19 pandemic. Gerry Duffy, who teaches supply chain management and logistics at the Southern Alberta Institute of Technology, has said that when demand picked up again, the supply couldn't keep up.

The automotive industry is facing the shortage of semi conductor's, so they are having issues of not having all the parts to make a full finished car. The semi conductor chips are important because they are essential for the airbags to work properly, brakes, and for features like gps and other entertainment systems.

The average price of a used car is more than $35000, about a 50% increase over a year. According to Canadian Black Book.    However prices are expected to drop in 2023, about 10% to 20% Volpe has said.