Should I buy a car now or wait?
If you need a car now, buy before price increases hit (within 2-3 weeks). If you can wait 6+ months, prices may normalize post-conflict. Consider fuel-efficient or hybrid vehicles to hedge against gas price risk.
Are EV prices going up or down?
EV demand is surging (+25%) as gas prices rise, which could push prices up on popular models. However, EV-specific supply chains are less affected by Hormuz since batteries come primarily via Pacific routes.
Which car brands are most affected?
Brands with heavy Middle East and Asian supply chains are most exposed. Toyota, Honda, and Hyundai face parts delays. Domestic-heavy brands (Ford F-150, GM trucks) are less affected but still face some component shortages.