Car prices seem to have been steadily rising in recent years (along with everything else), but what is happening to the market now? There have been several factors impacting the cost of cars, including the pandemic and the knock-on effects, a supply chain issue, the global chip shortage and Brexit. In addition to rising prices, motorists are also finding that they are having to wait much longer for their vehicles. In this article, we will investigate some of the reasons why this is and what the outlook is.
The Chip Shortage
