I’m not surprised look at the RV market right now. loudon motors, the only clear advantage is that they’re lining their pockets off of your bank account
You make a really profound point: Supply & Demand are not the big impactors on pricing - but rather perceived Supply & Demand. So once the media gets involved, and they hyper-inflate a perceived shortage, watch out !!I'm sure some will disagree with me, but here goes. Last year, black book showed peak wholesale prices were in August, and dropping 1/2 % each week. In October the chip shortage was being talked, but not realized by much of the public. For the last few months, people have talked about it intensely.
One of the few used vehicles that dropped in value the least last year and climbed the most are"full size" vans.
They suspect the chip shortage will resolve sometime in the end on 2021 or early 2022. We'll see when production catches up with demand.
I don't expect a bargain or return to average prices for a couple of years.
Not sure how you can say this. New Transit supply for months has been essentially zero. I have had a Transit on order since early December. I have no VIN, no build date, nothing.Supply & Demand are not the big impactors on pricing - but rather perceived Supply & Demand.
Unfortunately, there’s a near-unlimited supply of stupidity. Those “shelves” will be full for quite awhile.You make a really profound point: Supply & Demand are not the big impactors on pricing - but rather perceived Supply & Demand. So once the media gets involved, and they hyper-inflate a perceived shortage, watch out !!
Similar to your point about the huge disconnect in timing (6+ months) between the auto industry's knowledge of the chip shortage, and the public's knowledge of it: The recent pipeline hack was merely a shoulder-shrug in the cyber industry - until a week went by and the mainstream media hyped it - and then everyone (in Maryland at least) ran out on THE SAME DAY and tried to top off their tank. There was no shortage the day before - or a few days later - but... yep, thanks to the mainstream media: "Big shortage."
No - Just a self-fulfilling prophecy.
They (mainstream media) need to declare a massive shortage of.... stupidity: Then maybe stupidity would all get bought up & go away. The stupidity shelves would be empty.
Have a great weekend, everybody!
PS - And I also agree with you: Prices will take a couple of years to get back to normal.