Hi Colm,

There's a mix of factors, but yes, Brexit and computer chip shortage feed into the problem. Brexit has resulted in much fewer used cars coming in from the UK, so supply isn't as strong as it was. At the same time, there's a delay in most new car deliveries due to the chip shortage, which means buyers are either holding onto their cars for longer or going for a nearly-new car instead of a new one. Both of those things further restrict supply. So, with reductions in supply, but no reduction in demand, prices creep up and up.