The auto sector has been one of the hardest hit in recent years.
Disruptions in supply chains, the pandemic, as well as factory closures in Asia have all been causes that have contributed to dealers being emptied of their products.
“Our car parks are still empty,” says Denis Leclerc, owner of ALBI le Géant. “The good news is that in October, November and December, our manufacturers are planning a lot more allocations.”
A good time to sell your used vehicle?
These shortages have created an unsuspected effect in recent months: the price of used vehicles has exploded.
“When you take a new vehicle out of the dealership, it instantly takes on ten percent value,” explains Mr. Leclerc. However, he specifies that given the cost of gasoline, an exception applies for trucks.
Mr. Leclerc believes that the best strategy for buying an electric vehicle is to get in line and be very patient.
“We have between 1 year and a half and 2 years of pre-sold electric vehicles,” he explains. “Electric vehicles have taken almost 25% in value.”
Auto loans have also increased, going up to 6 and even 7 percent interest rates.
