Car Parts Open Now (2024)

FAQs

Why is it so hard to get car parts right now? ›

Pandemic-related supply chain shortages have become so normal that we've gotten used to them. The good news is the shortages are getting better, but not when it comes to car parts. Throwing an added wrench into the situation, factory shutdowns and labor shortages.

Shortages of semiconductors, essential for many car components, have caused production delays and price hikes. Additionally, increased demand for raw materials like aluminum and steel, coupled with transportation bottlenecks, has driven up their cost.

The manufacturer may have stopped producing the product because it would be too costly to manufacturer or they believe the product is too out-dated.

We almost forgot what that feels like, but our data show 2024 could shape up to be a buyer's market provided you're looking to buy new. New-car inventory increased by 36% year over year, with inventory levels close to what they were in February 2021 before pandemic shortages really started to hit.

The parts shortage has been a major concern for the auto industry. The shortage has been caused by a combination of factors, including supply chain disruptions, labor shortages, shipping delays and the COVID-19 pandemic.

In the year leading up to the pandemic, more than 17 million new cars were sold annually in the U.S. In 2022, amid the chip shortage and other supply chain challenges, just 13.8 million vehicles sold, with major brands including Stellantis, Nissan, Honda, and Toyota reporting significant declines.

They're Long-Lasting and High-Quality: Dealership parts may be a little more costly at the onset, but they're designed to last. The high-quality nature of dealership parts means they'll save you time and money in the long term.

Reason #1: New and Used Car Prices in 2024: Shortages and Hikes. A “perfect storm” of production shortages due to lingering COVID-19 effects and supply chain issues combined with the pressures of inflation has led to a spike in the average new car and truck price.

Why do cars not come with spares anymore? ›

Not only do car manufacturers view full-size spare tires as dead weight, those tires are also more expensive than space-saver spares and their alternatives. A full-size spare's larger steel wheel or replacement tire mounted on a factory rim can add significantly to a vehicle's production costs.

Used auto parts are usually much cheaper than new ones, especially if you buy them from a reputable seller, like a auto salvage yard. You can save up to 50% or more on some parts, depending on the condition and availability.

By 2050, there will be about 3 billion light-duty vehicles on the road worldwide, up from 1 billion now. At least half of them will be powered by internal combustion engines (ICE), using petroleum-based fuels.

Nature of the Rule: This provision is at the heart of the CARS Rule. It strictly prohibits dealers from making false or misleading statements about essential aspects of a vehicle transaction. This includes misrepresentations about the vehicle's price, financing terms, availability, and discounts or rebates.

In all likelihood, what will happen to classic cars after 2030 instead is that they will become increasingly expensive to run as petrol and diesel usage dwindles and prices for combustion fuels skyrocket. That will make running a classic car even more of a luxury than it already is.

Your Car Isn't in Production Anymore

This can cause a shortage of parts, especially if there is not a great demand for those parts. Additionally, aftermarket manufacturers may not produce replacement parts for older models, leaving those who still own them with no source of new parts.

The car chip shortage is the most important underlying cause of the new car inventory shortage. Chips, also known as semiconductors, are used in every vehicle—and they're not as readily available as they once were. One question naturally leads to another: why is there a car chip shortage?

Some chip shortages could remain through 2023 and into 2024, though supply of semiconductors and raw materials will generally improve in the auto sector. The auto sector can expect a strong year in 2023, with global car production up 3%. As semiconductor supply returns, global auto pricing should remain stable.