when are car prices expected to drop?
Experts generally don't expect the microchip shortage to be eased until 2023. Therefore, the prices aren't likely to drop much this year. The departed Volkswagen chief executive Herbert Diess recently told reporters, "in 2022; we will not be able to build all the cars we could sell." The lack of supply of microchips means that prices will be high until the beginning of 2023.