Was talking to a Car Dealership owner last night while lighting crackers…
Demand has genuinely gone down. According to him, chip shortage was an inside job to inflate prices by limiting supply and creating hype. Now, the demand is busting and they have overproduced.
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Working in the semiconductor industry, as far as I know there was genuine chip shortage because the foundries has shut down production in covid due to lockdown and sensing decline in consumption but the reverse happened and people bought electronics for home. So once closed to restart production and to ramp it up and clear backlogs was always going to be an issue. This was one of the major point discussed in our AHM for 3 years
So the increase in gpu prices (msrp) is due to nvidia / amd allocating more wafer to datacenters or they just realised ppl are willing to pay more ?
Also ssd prices were dirt cheap in 2022 - early 23 .. overproduction of nand flash & clearance?
How do I get a better deal on a car then?
That’s not the reason, high repo rate by RBI made car loans costly, thus people are not taking cars as most of them took loans to do so.
However, people like me have taken advantage of this and bought in full cash. So if you have liquidity you can.
Taxes surely remain very high as usual