I'm in the aerospace/defense industry and I can say the "chip shortage" is real and not some conspiracy to make electric cars more competitive. I say "chip shortage" in quotations because it's really just long lead times on some integrated circuit components due to factories being closed for periods of time or open with reduced workforces. The material suppliers to those semiconductor manufacturers have had similar delays in getting product out the door for the same reasons, and the delays just stack up for the end user/consumer.I heard an interesting person in the automotive industry state that there is really no chip shortage but that the US government is stockpiling chips under military purchase order priority status. There are piles of chips sitting at different military bases. It is driving gasoline car prices up enough to make electric cars more competitive.
I wholeheartedly agree.As far as timing to buy a car and waiting for the right price in the market or worrying about inflation. It's like buying a computer or even property (price/interest rates) for that matter. If you wait for the lowest price. You'll always be waiting. Once you've made the conscious decision to buy. Then go buy at the lowest price you can negotiate of course.
Ouch!!!I wholeheartedly agree.
A little off topic, but I have a friend that pulled out of the stock market in 2009 after taking a huge hit. He lost half of his savings, and told me at least I won’t lose it all. I rode it out as painful as it was, and now I’m glad I did. He has been waiting for the right time to get back in since 2009. For me the right time to buy is always now.
The chip foundries are the weak spot. TSMC, AMAT, godly, etc. can’t fabricate the chips because of supply chain issues with covid, supply demand imbalances.I'm in the aerospace/defense industry and I can say the "chip shortage" is real and not some conspiracy to make electric cars more competitive. I say "chip shortage" in quotations because it's really just long lead times on some integrated circuit components due to factories being closed for periods of time or open with reduced workforces. The material suppliers to those semiconductor manufacturers have had similar delays in getting product out the door for the same reasons, and the delays just stack up for the end user/consumer.
No doubt in my mind though with the direction the automotive industry is moving, raw, mechanical, and emotional automotive experiences are becoming more rare and coveted. I do expect older Lamborghini prices to continue to climb, because they are more authentic and special. The production numbers of exotic cars across the board have gone way up. They have steadily climbed, and using Lamborghini as an example, they're shattering previous production/sales records in a matter of a couple years. They're building ~5,000 Uruses per year, ~2,500 Huracans per year. They built ~1,400 Gallardos per year, ~400 Murcielagos per year. If that much demand is there for new Lamborghinis, I think there will be huge desire for older Lamborghinis that deliver the old school visceral experience which is getting engineered out of new cars, supercars included.