Australians looking to buy a reasonably priced car may need to wait for another two years for prices to go back down, and even then, its unlikely to go down to pre-pandemic prices. Ajay Bhatia, the managing director of Carsales Australia, told The Epoch Times that he believes car prices have plateaued and will remain elevated for the next two years. “What happens in 2024 is anyone’s guess, but in 2022 and 2023, prices will likely stay high,” he said. A global supply shortage of semiconductor chips caused by supply chain issues has also caused the value of second-hand cars to skyrocket over the past two years, rising 40 percent during the pandemic, according to Carsales, as consumers paid premium prices to have immediate access to their purchase. In cases where the used car had “fairly low kilometres” and was manufactured within one year, it would go for higher than …