Thread by @GuyDealership

The most burning question at the moment:

Should you buy a new car now,

or wait for the market to cool a bit?

Here is my response:

(1/5)

I’m no economist, but it’s highly unlikely the market will cool anytime soon.

Reason?

The supply/demand imbalance is just too extreme at the moment.

(2/5)

No one predicted used car prices rising 32% in 2021,

And surely, no one knows what will happen to prices in the coming year.

What we do know, is that OEMs are still struggling with chip shortages,

And new car dealers don't have any new cars.

(3/5)

If we’ve learned anything over the last year, it’s that supply chains are extremely fragile.

The market won’t just miraculously get back to equilibrium overnight.

So let's stop speculating,

And do what you would do if the market was functioning normally.

(4/5)

That's a wrap!

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(5/5)