Quote:
Originally Posted by Ventruck
If I recall correctly, my wait was ~Sept 2020 through like May 2021.
The delays thing is real. I see it in regular work in my industry. Understandably the timing and communication is (very) frustrating, but seems like it all starts at the source and whoever's in charge there. I have to report a late delay because the vendor we work with is also informed late, and I assume the respective domestic manufacturer/assembler is also the same, depending on whoever they're sourcing from overseas. Add that the volume of delays is piling up, it's extra work for everyone just to chase orders down the line, and it's gotten way to busy to keep up.
From the consumer side, all you can really do is decide if you're going to skip the FI (if they give you your money back).
Attempting to escalate (not saying you're doing that, but I see a lot of people try that) won't make the materials materialize sooner. If anything, that slows down operations.
Unfortunately it's a supplier's market. If someone bails out of an order, probably won't be hard to find another buyer.
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Production, labor, and supply chain issues due to COVID is still a global issue and pretty much affects all markets, from homes to cars to anything that requires to be outsourced or imported parts.
In regards to finding another buyer, my opinion is yes and no. It really depends on what you're selling AND if the buyer is a cash-buyer. With the Feds aggressively raising rates (three 75 bps raises so far this year and more expected to come before the year's end) to discourage spending and trying to fight inflation, which is another issue, it's going to cost alot more to borrow money and more people significantly cutting back on leisure items especially if they have to finance. On the other hand, cash-buyers are more likely to hold onto their money now with the rise in interest rates due to the potential of making money with higher rates, and/or fears of a possible recession looming. With all things considered in the current market, my opinion is that yes you will have some that will still buy regardless of the market conditions, but the greater majority of the population will be drastically cutting back, if they already haven't done so.