The automotive market has undergone significant transformations recently, with changes accelerated by global events and the pandemic. These shifts have affected vehicle supply chains and consumer preferences.
Navigating these complexities, you might find it challenging to locate the exact asset or vehicle you need. Co-Pilot Finance & Insurance’s dedicated asset sourcing team is on standby to provide the necessary support.
Overview of Current Market Challenges
Here’s a look at the current market challenges:
- Waiting Periods: The wait for new vehicles usually ranges from 3 to 12 months, depending on the brand and model.
- Model Popularity: Demand peaks for certain models, notably SUVs, which have comprised more than half of this year’s sales.
- Rising Trends: The popularity of Petrol-Electric hybrid vehicles has surged by 27% over the previous year.
- Supply Chain Delays: Ongoing semiconductor shortages and post-pandemic manufacturing adjustments have extended waiting periods.
- Shipping Constraints: With car-carrying ship arrivals in Australia reduced by half each week, wait times have increased.
At Co-Pilot Finance & Insurance, our asset sourcing experts facilitate access to the new car market, helping you secure the best deals, reduce wait times, verify market conditions or handle the procurement process on your behalf.
