World News Group cites Senior Fellow Ben Lieberman on the current supply chain crisis:
Ben Lieberman is a senior fellow at the Competitive Enterprise Institute. He says the part shortage is largely due to the same global supply chain issues that have plagued just about every industry in recent months.
LEIBERMAN: That part you might need, may need to come through a port. And there’s been a lot of problems with with ports in in recent months. So there are there are a lot of backlogs in getting the parts needed to repair existing vehicles…
But Leiberman says increased demand also plays a major role.
LEIBERMAN: The average age of the vehicle on the road has been inching up by a few months each and every year. In the past several years, it does seem as though people are preferring to spend money to repair their existing vehicles rather than buy new.