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How Does the Inventory Shortage Impact Car Maintenance and Repairs?

How Does the Inventory Shortage Impact Car Maintenance and Repairs?

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.

How Does the Inventory Shortage Impact Car Maintenance and Repairs?

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.

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