Car thefts are booming, but not only that, there are also shortages of spare parts and delays in delivery times. The domino effect created by the Suez Canal crisis is bringing the automotive industry to its knees. The Italian body shops association Federcarrozzieri is alarmed, reporting increasing difficulties for companies in the sector and inconveniences for citizens: “Through our members in the region, we are registering an increase in critical issues for the entire automotive industry. The situation in the Red Sea not only causes an increase in the delivery times of new vehicles, “It also causes a shortage of spare parts in the market, which means longer repair times and higher costs for drivers.” .
Alert: Car thefts on the rise (even in bits)
As Federcarrozzieri president Davide Galli explains, many vehicles arrive “looted” of various parts, from the body to the muffler: “Many components of cars in circulation today actually travel on ships and cannot be replaced with parts produced in factories in Europe. This is especially the case with the bodywork, so-called laminates.” “This applies to fenders, doors, body parts, etc., which are essential elements of automobile repair as they represent the first parts of the car to be damaged. In the event of a traffic accident. In the absence of these elements, the repair process is interrupted, because without them the car cannot be driven safely.”
Possible effects on prices
A number of problems that, if not resolved, could have a further “detrimental” impact on consumers: “If the situation does not return to normal soon – Welsh warns – we will see an increase in the costs of automotive parts. This is a combination of increasing demand far exceeding the offer and, as a result, increasingly expensive and time-consuming repairs.” In addition to all this, there is also ordered theft: More and more cars are arriving in our body shops these days and are being looted of parts such as: mudguards, mufflers, mirrors, lights and other important components”.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
