The aftereffects of the 2020 global pandemic are still being felt across nearly every sector of the economy. As states continue to lift restrictions, many Americans are leaving their homes again for work, travel and errands.

The rapid drop in vehicle demand and production during the pandemic resulted in many parts producers going temporarily dark. For a variety of reasons, it’s been hard for them to return to full production. Consumer demand has not required the same ramp up period – people quickly went back to wanting new and used vehicles and wanting them as soon as possible.

While the demand for cars and car repairs is at its peak, the shortage of auto parts is creating difficulties for car dealers and mechanics who need to meet the needs of their customers. Many repair shops are struggling to get their hands on parts like mufflers, oil filters or interior OEM carpeting. The weeks-long delays are forcing auto garages to hoard inventory, look for workarounds and ask customers for continued patience.

Why Is This Happening?

The post-pandemic microchip shortage has significantly hindered the production of new vehicles. Many consumers turned to used cars or decided to keep the ones they have – even if those vehicles have some maintenance or repair needs.

Auto market analysts believe the supply shortages of new vehicles and car parts will last until 2023 or even later.

Production isn’t the only problem. Stressed supply chains that haven’t been able to keep up with normalizing production and increased demand across every sector have become gridlocked. Since most auto parts are produced in Asia, they get stuck in massive traffic jams while cargo ships await entry into U.S. ports.

Everyday Effects of the Auto Parts Shortage

The strong demand for cars and the reduced production of new vehicles are forcing many Americans to purchase used cars. The increased consumer interest in the used market has caused used car prices to increase 29 percent year-over-year.

The surge in prices is a double-edged sword. If you’re looking to purchase a used car, you may find yourself paying significantly more than you would have a year or so ago.

Conversely, if you’re thinking about selling your used vehicle, now may be the best time. You can get a lot more trade-in value today than you could a year ago. Since dealers are struggling to replenish their inventory, they may be more open to negotiating, giving you the opportunity to get top dollar for your car.

In addition to filling up empty lots with used inventory, car dealerships and garages are looking for creative ways to repair vehicles. As they navigate through the supply chain crisis, mechanics are forced to work with what they have.

Another frequent practice among auto service mechanics and technicians is hoarding, especially of particularly sought-after items, like oil filters, air filters or spark plugs. These are being purchased in significant quantities to prevent shortages and service delays. Unfortunately, this hoarding tends to worsen shortages since new supply dries up overnight.

Despite their best efforts, sometimes a mechanic has no choice but to apologize and ask the customer for patience while waiting for a particular auto part to arrive. Customers who cannot afford to wait may be tempted to purchase another car. If you find yourself in that situation, Direct Car Buying may be the solution.

Are you in Washington D.C. or Baltimore? Consider Selling Your Used Car to Direct Car Buying

Are you one of the many frustrated vehicle owners having to wait for parts or pay for expensive repairs? Since the vehicle and part shortage may take several months to resolve, used car prices will continue to remain elevated. If you’re able to downsize the number of cars you own, now may be a good time to sell a vehicle.

Consider selling your used car to Direct Car Buying. As part of the Easterns Automotive Group, we will ensure you receive great customer service and an attractive cash offer. We may be willing to take your vehicle as is, so you might not need to spend additional time or resources on it. To add to your effortless experience, we will handle all the paperwork for you.

Receive a Great Cash Offer for Your Used Vehicle

Direct Car Buying makes it easy for you to sell your car for an excellent price. It only takes a few minutes to fill out our form and get a firm cash offer.

You can also call us at 877-927-6093 for more information.