Fears over future of the car industry as sales fall and spare parts become scarce
In many countries, including the UK, outside of the few metropolitan areas with decent public transport, people depend on them.
- In many countries, including the UK, outside of the few metropolitan areas with decent public transport, people depend on them.
- Yet at the same time, car manufacturers are shifting their production to electric vehicles, and have reduced making replacement parts for the petrol and diesel vehicles.
- And a low supply of spare parts means the prices for those parts will also increase.
- A lack of spare parts stock will probably damage their reputation along the supply chain, from mechanics and garages to car dealerships and potential customers.
- This will put additional pressure on demand for used cars, and the spare parts those used cars need.