In the wake of semiconductor roughingthe inventory of vehicles in distribution agencies it has become a problem that unit sales platforms second hand have begun to capitalize.
Miguel Ángel Bulnes, CEO of Caranty, a platform for buying and selling second hand carsexplained that these types of units experience what he called “a freezing of their depreciation”, due to the shortage of new units in some automotive agencies.
“The used cars have become more expensive in some way and this is totally related to the issue of new cars, derived from all these factors of inflation, scarcity that have caused all this increase in cost. However, from my point of view there has not been an increase in prices as such, but rather, I called it a freezing of the depreciation of used cars”, detailed Bulnes.
In the same vein, Victor Castillero, underwriting director of the insurance firm Quálitas, recognized that the used units have had a revaluation, in part due to intermediary agencies,
“The used units began to have a revaluation due to various phenomena. Because the auto again ceased to be sold and the market share of these intermediary companies in the sale of autos he included his fees and costs in the sale price and that caused the market value to rise (…) which made people begin to feel that their cars (used) are worth more,” Castillero commented.
In this context, the effects of compromised supply chains and microchip shortages are causing significant delivery delays for the automotive industry.
IHS Markit predicts that global production of vehicles light in 2022 to 82.6 million, 9.3 percent less than in 2021, while by 2023 it would grow again to 92 million units.
Because of this, the challenge for the industry is to manage delays without losing customers.
In this regard, the consulting firm Pulso Psyma asked people how long they would be willing to wait for the delivery of a new vehiclewhich found that most customers expect quick delivery of their new vehicle, with 42 percent expecting up to 15 days and 27 percent five days.
Even now, 17 per cent would be willing to wait up to a month for the car to be delivered, 4 per cent 60 days and only 11 per cent more than 60 days.