It’s going to be a wild ride! 🤠

In the car market? Get ready for a wild couple years!🎢

Right when we thought the nightmarishly expensive 2021 car market is done for good, we are due for what looks like an even worse 2022 and maybe even 2023.

Today and tomorrow the scary Chip Shortage is still the name of the game and while the reasons are slightly different, the outcome is the same.

Just look at the recent headlines 📰
Carscoops.com: "Porsche Reportedly Pausing Production Of All Models"
Bloomberg News: "VW Warns of Output Cuts Amid Tensions Over Electric Shift"

What about Electric cars? Ohh boy ⚡️
The Verge: "Electric car prices could go up even as fuel prices soar"
Quartz: Surging nickel prices are bad news for electric car manufacturers"

The Verdict?

• If you can, keep your current car for another 2-3 years and pray to car gods that it treats you well.

• If your lease is coming off, consider keeping your car or selling it (it's worth more than you think).

• If you are in the market for a new car, Good Luck!