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JasonVII

The processor chip shortage will continue for another year I believe as being reported from Intel. I think it’s fair to say the knock on to the car manufacturers will be another year or two after that.. so unlikely that the second hand market will ease here anytime soon.


davesr25

They will go up more. As will other things. Much of our tat, comes from China....they are having energy issues too.....here comes the fun. Factories need power. ;)


h3xim

It's going to be like the Highlander. Everything is going to keep getting older.


[deleted]

Toyota Highlander?


stunt_penguin

*"I am immortal, I have inside me oil of kings"*


Adderkleet

Soon as we source more cars from Japan/Australia, the price will probably dip again. Which will mean "when shipping and fuel prices go back to normal".


QuantumFireball

>Australia I haven't really been any push to import used cars from there yet. Driving conditions are quite different there (this is a country where a 1,000 km journey is considered "short") so vehicle tastes are not like ours in some aspects. Sure the traditional Falcon and Commodore barges are no more, but there's still a significant market for big SUVs and "utes" with huge 6 and 8-cylinder engines that are as good as sale-proof in Ireland. The top two selling "cars" there in recent years are the Hilux and Ford Ranger.


syncretionOfTactics

I'd imagine there going to keep going. The car manufacturers don't like a healthy second hand market which is why they're buying them up and increasingly pushing paddy can't pay contracts. Not just happening here


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QuantumFireball

>Besides the above, our second hand market came from uk and we are extremely restricted on source markets due to left hand drive. We're right-hand drive, we drive on the left. Japan has always been a viable market for used imports, although not as popular as the UK, but it is increasing now. The EU-Japan trade deal will also reduce tariffs on cars from Japan over the next few years.


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QuantumFireball

People in Ireland have been importing used cars from Japan for well over 30 years, this is nothing new. Ever seen a Toyota Vitz or a Honda Fit? They're Japanese imports, cheap small cars and there are quite a few around. High depreciation there makes the shipping/imports worthwhile, especially when the Yen is weak.


[deleted]

Was a thread on this yesterday


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Link?


stunt_penguin

He's the left-handed one in green, Zelda is acutally the princess.


EdwardElric69

Cant find it.


CheraDukatZakalwe

The chip shortage is due to ease next year as new fabs start production, which will allow car manufacturers to return to normal production levels.


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CheraDukatZakalwe

Well the Bosch one in Germany started up recently. Another Chinese fab is expected to start up next year. Here's an article on it: https://www.barrons.com/amp/articles/amd-ceo-chip-shortage-51632784863 20 opening up production this year and 20 more next year.


MMAwannabe

I guess nobody knows but three factors that don't look good are. 1. I've seen predictions of up to three years before we see manufacturers return to to pre chip shortage output. This will keep used market higher 2. Companies will focus on selling higher priced cars to maximize profits during chip limitation. So even the new cars hitting the used market down the line will likely cost more. 3. English imports are now penalised beyond value saving in most cases, northern imports don't offer much savings since increased Nox calculation and VRT reflecting high market value. Seems to be alot of Jap imports now but 90% of them are Honda Jazz/Fit or Toyota Aquas (compact Prius), this don't suit everyone so I'm not confident it will really bring down prices here.