Popular car brands facing global supply shortages

Popular car brands are facing global shortages following a big spike in demand.

But what does that mean if you want to buy a car?

Today finance expert Effie Zahos said you need to prepare now

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"If you want to wait in line, I suggest you probably put your name down," Zahos said, explaining buyers looking now will pay a premium.

"if you need a car, you need a car. You may be able to negotiate it on the stock floor but it is a case of put your name down and if you need it, wait in line.

"I've bought a car during lockdown and I've sold a car during lockdown and I've sold a car during lockdown ... it is pretty hot out there."

Zahos went on to list some of the most in-demand models in Australia.

She said LandCruiser's are one of the "most searched" for cars.

"You've got the Holden Commodore (demand for) that has jumped up about 37 per cent. Mercedes C class, 20 per cent. You've got Toyota Corolla, 20 per cent.

"There's a huge demand also on certain makes and models. If you do have a used car and you don't need it, it is a good time to definitely sell it."

You can watch the full segment at the top of the page.

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

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