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Used vehicle supply for the next few months has never been more widely debated or difficult to predict.
The semiconductor and other component shortages are widely reported but the severity of the issues seem to change regularly.
It is clear that they differ by brand, model and even derivative, but the vast majority of manufacturers are affected.
For the remainder of quarter two, manufacturers may well have stock into which they can switch customers, which will in turn generate part-exchanges and fleet returns for the used market.
From late June and into July however, stock levels will have dwindled and the component shortage could well be impacting supply more acutely, again dependent on the brand.
Much of the strength in live values during April and May has been due to lower supply than normal from low registrations in March and April, driven more by COVID issues affecting factories and also by lockdown, plus concerns about future supply.
The semiconductor issue could well not have done its worst yet and these supply issues are likely to keep prices strong for a good while yet.
Derren Martin is head of valuations at cap hpi. This blog formed part of a five minute briefing published by the VRA today.