Thanks to the chip shortage the big downside to placing an order is the wait time which can stretch far longer today than it would have a few years ago. 1131 Sat Feb 12 2022.
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TOKYO Reuters -Toyota said on Tuesday it expects to miss its annual 9 million vehicle production target because competition for semiconductors meant it didnt have enough to ramp up car output.
. When you cant buy that Sony PS5 or Ford F-150 pickup blame the chip shortageA worldwide problem triggered by the COVID-19 pandemic has metastasized into a years-long disruption of everything. The US Commerce Department says the global chip shortage will stretch into at least H2 2022 based on information from 150 companies in the chip supply chain The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year. Placing an order is generally not an option for someone winding out their last car lease payment or two and it can present a tricky situation if you are looking to trade in your current vehicle.
Used car prices rose slightly in November as the microchip shortage continues to impact the market. This comes after a 249 percent increase in October. CAR INDUSTRY experts believe the disastrous chip shortage could be ease by the end of this year.
By Tim Bradley 1116 Sat Feb 12 2022 UPDATED.
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