The secretary general of the National Association of
Automobile Commerce and Repair Companies (ANECRA), Roberto Gaspar, told the
paper that “fleet managers are constantly extending deadlines with their
customers because they do not have new cars for replacement, so they propose to
renew for another year. And, in some cases, they are using a new figure: a new
lease contract [long-term vehicle rental] on cars aged up to three years, even
making two or three contracts with the same car".
The manager added that these contracts were unusual and that
the used car market, which is heavily fuelled by the managers, is suffering
during this shortage. Roberto Gaspar also says that the power is now on the
side of the manufacturers. "It's the law of the market at work: when there
was a lot of supply, these operators had more negotiating power, because they
bought in quantity and thus got good discounts. Now, when there is more demand,
it is the manufacturers who dictate the rules and fleet managers, who, if they
want to make a new contract, pay higher prices".
The current shortage of new cars on the market started in
the initial phase of the pandemic, when the restrictions imposed led to the
lack of some components necessary for the manufacture of vehicles, mainly
semiconductors. These components are mostly manufactured in Asian countries and
territories, such as the island of Taiwan, South Korea and Japan, which have
imposed some of the most restrictive anti-Covid measures in the world.
Have you tried buying a used car in Portugal at a fair price you carn,t nothing but crooks !!!!!!
By J from Lisbon on 09 Aug 2022, 17:30