By on July 16, 2021

As you’re undoubtedly aware, now isn’t the best time to purchase a new vehicle. While you can currently sell your ride for more than it’s realistically worth, the economy is anything but stable as inflation and supply shortages gum up the works. A lack of semiconductor chips has caused the automotive industry to stutter endlessly throughout 2021, with the issue getting so bad that some manufacturers have been building unfinished vehicles just to give their employees something to do. Ford is even mulling over a strategy to ship those units directly to dealerships so they’ll have something on the lot — effectively making its retail network responsible for final assembly.

But the logistics nightmare is only part of the story. Automotive loans are also becoming untenable as terms stretch out endlessly. Cars continue getting more expensive and the average consumer is losing their buying power. The preferred solution is for financiers to extend agreements so customers can continue making the same monthly payments while accruing more on interest over the duration. While effective in the short term, and bound to make banks money as we’re all driven deeper into debt, one wonders how this plays out on a grander scale.  (Read More…)

Recent Comments

  • slavuta: macmcmacmac Canada! We get something like 50% of oil imports from Canada
  • Lightspeed: Saw my first one just yesterday, a very handsome car, looks far more expensive than it is. Nice size and...
  • EBFlex: Ford is lying. This amazingly cheap vehicle is not that compelling of a vehicle, offers poor capability...
  • macmcmacmac: If only there was a friendly neighbour nearby you could pipe heavy oil in from.
  • Carlson Fan: “It’s hard to overstate how awesome it is, in more ordinary conditions, to run the climate control...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber