Supply Chain Shock!

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eurekastar

Well-known member
Joined
Jun 21, 2018
Messages
514
Location
Amarillo, Texas
I haven't paid much attention to supply chain issues until a couple of months ago when a lady blew through a stop sign going over 30 miles an hour and t-boned my 2 1/2 year old Honda Accord on the driver's side.  The car poor didn't even have 20,000 miles on it!  Thank God for airbags!  They saved my life!  While I was injured in the accident, it wasn't anything serious. 

 

That, of course, led to weeks of wrangling and negotiating with her insurance company, mainly because the other driver allegedly wouldn't talk to the claims adjuster.  I was told they couldn't move to a settlement until they talked to her.  That took three weeks...no wheels...no rental car.  She was ticketed and clearly at fault, since I had no stop sign and she came out of the clear blue!  After I threatened to bring in an attorney, she magically gave a statement and they began to act.  However, there were more delays!  First, they told me the car was totaled and they had it hauled from the wrecker service to a salvage yard.  Then, they told me it probably wasn't totaled, which required an independent estimate from a body shop.  Somehow my car was then lost for a week between the salvage yard and the body shop!  When the body shop finally located it again at the salvage yard, their estimate grew substantially.  After more negotiation, the insurance company finally concluded that it was totaled after all. 

 

Interestingly, they gave me $5,000 MORE for my 2 1/2 year old car than what I paid for it brand new.  That should have been a clue about what I would encounter.

 

This is where supply chain issues come into play.  I set about looking for a new car and looked first for a new Accord.  Of course, there was NOTHING in stock.  I was told that everything was pre-sold before it arrived and they would have nothing available for at least three months.  I looked at their used cars and everything was priced through the roof!  I encountered that same scenario everywhere I looked and it was a FRUSTRATING experience!  No new inventory and high used car prices.

 

I finally drove to the local Toyota dealership.  Same thing.  No new inventory and high used car prices.  I test drove a 2020 Camry with about 14,000 miles.  They wanted $35,000 for it.  That's when I asked the salesman how much a new one would cost.  He disappeared (as they usually do) and came back a few minutes later with a smile.  "Good news!" he said.  I have a new Camry that's coming in by the end of February that's better equipped than the one you just drove and it's only $31,000!"  I ended up buying that one.  It's the first new car I've ever purchased sight unseen, with no negotiation, AND that was cheaper than a used car!  LOL!

 

Moral to the story:  Watch out for speeding maniacs who run stop signs because it's a TERRIBLE time to replace your car!

 

Well, yesterday was the end of the month and still no new Camry; however, the salesman did text me and told me that it had arrived by rail in Houston where it was being processed.  It was to be placed an auto transport truck today.  So it should be here by Thursday!
 
I took full advantage of the supply chain problem last Fall. Bought a 95 Tacoma 4X4 for $400.00 and repaired the frame. Got about $3500.00 into it now after a good going over. Sold my 2007 Tacoma 4X4 base model I bought a year ago for $70000.00 with 52k on it and a new frame from Toyota a year prior to me buying it from my friend. After seeing that prices used Tacomas were going for I listed it for $15,000 and got it! Supply chain issues are real bad right now. Even for power equipment whole goods and parts.
 
Sorry about your accident and glad that you were not seriously hurt, that's the most important part.

When I had my accident last year, I went through almost the same thing. The car is totaled, the car is not totaled, we found more damage, we're going to fix the car, the car is totaled, who has the car.. etc etc etc. My Equinox ended up being totaled and with only 18,000 miles. I was in a rental for a month and half before the dust settled.

Supply chain issues are not the only problem. There is the chip shortage that has crippled the auto industry. Plus all the natural disaster....the tornados in the mid west, the floods here in the east and the south, so many perfectly good cars gone. Everyone needs one so the price is at a premium for all .

Good luck in your search, you'll get one eventually.
 
 

 

Glad to hear you weren't seriously injured in an accident.  How maddening that it took three weeks for the other driver's insurance company to get in touch with her, hopefully that will factor into her underwriting renewal decision, as well as the accident.  

 

I read yesterday that New Car profit margins have doubled over 2020.  I understand that supply chain issues cause scarcity forcing prices up, but there is obviously more than a little price gouging going on as well.  

 

You won't be disappointed in the new Camry, we've had a couple in the family and all have been very happy with them.  
 
You'll definitely love the new Camry, we're a Toyota family (Though currently have 2 used Lexus' in the driveway) We're currently discussing putting my mom's 07 Rx350 up for sale- we paid $5200 for it a couple years ago, and with 174k on it now, planning on listing for 6.5 or 7k, which is well within market pricing and blue book. Just want to get her out of car payments and into something paid off as she rarely drives anymore. My 08 Es350 blue books at around 3k-3500, with 312,000 miles. I've considered selling mine but I love it and no real reason to, so I plan on driving it into the ground (going for 500k+ miles)
 
Crazy as this sounds, I knew something like this would happen as far back in 2013 and 2014 since everything was outsourced to other countries and if there was a disturbance in the supply chain, it would end up throwing it off by a mile since there’s not much manufacturing or industry left in the US.

Maybe automakers need to watch films like these since the Ford Rouge plant had raw materials that went in one end, and finished cars out the other and didn’t rely on outside supply chains since they had complete control of their own supply chains and operations.

 
I had a rental car for about ten days.  But once we settled, I had three days to return it.  Given the current difficulty finding vehicles, they should lengthen that to maybe four days!  LOL! 

 

That film is amazing!  It's interesting that so many options were available in those days that it was unlikely that they would ever build "two exactly alike" in the course of a day.  Those looked like 63/64 Fairlanes.  My grandparents had a '63 Fairlane that baby blue with a three on the tree and no AC, no power steering or brakes.  I learned to drive in that car.  It was a beast!
 
Hope you enjoy

your new Camry! They're nice cars.
Chips are begining to come back in stock again. My brother is an electrician at the GM Romulus Mi. engine plant. He's on 7 days because they are filling back orders.
My sister picked up a new Equinox last week, and the heated seat chips are on back order. She ordered a Trailblazer but production has been halted for the entire year, and part of 2023.
 

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