Should You Wait 10 Months For Your Car, Worth The Wait?

Hyundai Creta, Kia Sonet, Mahindra XUV700, Mahindra Thar and Kia Seltos all have one thing in common. Yup! It’ll be a long wait if you want your hands on one of these SUVs. Most of the top-selling cars in the Indian market have at least 2-3 months of waiting. And for vehicles like Hyundai Creta and Mahindra Thar, you might have to wait for more than 10 months or more than a year. Should you wait 10 months or above for your new ride? Let’s answer the question.

Before diving right into it, let’s look at the reason for the long waiting period.

Why long waiting periods for your new car?

The automotive industry is among the leading sectors that drive and circulate a large amount of capital and resources.

• And not always everything that a carmaker sells is produced in-house. In other words, the carmaker manufactures cars and sells them to the consumer. And what else does the particular automaker sells are spare parts?
• Now, be it spare parts or the components assembled in a car, all aspects are designed and manufactured at the automaker’s facility.
• Items like headlights, tail lights, infotainment systems and more are some of the parts that the manufacturers outsource.
• Okay, what we mean by that is not always the production is in the hands of the carmaker.
• So, at times these external factors hamper the production of the cars at the assembly plants.
• Now amidst the high demand, the waiting period gradually increases.

What is/are the external reason(s)?

Now all factors of high waiting periods are external; there do exist internal factors too. So, let’s see what the major contributors to this inconvenience are.

• Chip shortage
  

  

  One of the major components used in modern vehicles (not just cars) is semiconductors. And everyone knows the entire world is facing problems with the chip shortage. All 21st-century cars require these semiconductors to ensure all the electronics like ABS, EBS, and the infotainment system. So how can the company get a new vehicle off the production line without these essentials?

• Slow Production
  

  

  Another prime contributor is the production slowdown. After all, the global pandemic has affected humans and industries. Where the carmaker was producing cars in full swing before the Covid-19 outbreak, the production has drastically declined. All thanks to a couple of lockdowns, and now bringing back the pace requires some time.

• Supply chain disruption
  

  

  Coming next is the disruption of the supply chain. Producing a vehicle out of the assembly line is one thing but transporting it at the dealership is quite challenging. Most vehicles travel by road, and switching state borders has not been consistent lately. This also has hampered the transportation of the raw material.

• Ever-increasing demand
  

  

  There are multiple reasons for the increasing demand. For one, the vehicle scrappage policy is becoming even stricter in India. This means the old polluting cars have to be scrapped. Now, a new vehicle may come into play to fill this void in some way or another. Also, to avoid human interaction, many people avoid public transports, which also opens an opportunity for new vehicles. In the end, many young people are up in the queue to buy their first new car/vehicle.

Okay, now, with the reasons for the higher waiting period, let’s answer the question you want answers to.

Informative Read: How Does A Semiconductor Affect Your Car Buying?

Should you wait for 10+ months for your new vehicle?

Here are 5 Cars With The Highest Waiting Periods In September 2021

Surely a simple answer to this question doesn’t exist. It all boils down to the reason behind you buying the car.

• Indian cars are the following significant investment in our lives after a house. Hence excitement is evident. But this waiting period may kill all the excitement, resulting in a change of decisions too.
• Also, waiting for 10+ months may alter the price of the vehicle due to inflation. And do remember the cost of the car is bound to rise. So, you may also consider other options to save yourself from these price hikes.
• Moreover, 10 months are more than enough to introduce a new vehicle or technology. So, do remember to thoroughly check the market and the new offering in those waiting periods.
• In the end, waiting for more than 10 months is only feasible if the vehicle you are after is one of a kind and there exists no other capable competitor (just saying, like Mahindra Thar).

Read to know more about The Semiconductor Shortage And Its Impact On The Used Car Market.

So, which is the next vehicle you are buying? Also, did you check upon its waiting period? Let us know in the comment section below.

It not, here are SUVs With The Highest Waiting Period In 2021