Some symptoms of the pandemic-related shortages within the auto industry are easy to spot: emptier dealer lots, slim pickings for new-car incentives and used-car prices that rival those of new cars. For shoppers hoping to wait out the inventory shortage, there’s a less conspicuous but similarly impactful symptom: The vehicle repair and aftermarket industries are also affected by parts and labor shortages, shipping delays, increased wait times and rising repair costs.
Related: Inventory Shortage Update: Should You Wait to Buy a Car?
Putting off a car purchase can be a smart move right now, especially for used-car shoppers or those without a vehicle to trade in. But the wait may drag out: According to expert forecasts, inventory is expected to improve and eventually cause used-car prices to drop, but noticeable improvements won’t come until late 2022 or even 2023. Waiting to purchase a new-to-you vehicle makes keeping your older vehicle running even more essential, but car maintenance and repairs are likely to come at a higher cost and their own longer wait.
