Aside from the raw, human toll, COVID-19 has dramatically changed how we live, from travel and education to the way people work. This pandemic has also had an outsized — and unfortunate — impact on the automotive industry, snarling global supply chains and limiting vehicle production. But perhaps nothing has […]
chip
After a shortage in computer chips contributed to a shortage in new cars in 2021, analysts expect an improvement in chip supplies in 2022 to help new car sales rebound. An average gas-powered vehicle has about 1,000 computer chips, while electric-powered cars can have more than double that total, leaving […]
The SMMT said the situation (PA Archive) UK car production fell to its lowest level since 1984 last month amid an ongoing global semiconductor shortage, latest figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed. Production fell -28.7% to 75,756 units in November, the worst figure seen […]
Small economy cars aren’t so economical anymore. Cheap hatchbacks and sedans are shooting up in value on the secondhand market, a new study says. Used-vehicle values have skyrocketed, putting more popular vehicles out of reach for many buyers. Loading Something is loading. The market for used cars has been completely […]
© Reuters. FILE PHOTO: Cars are parked in the courtyard of Skoda Auto’s factory in Mlada Boleslav, Czech Republic, as the company restarts production after shutting downdue to the coronavirus pandemic (COVID-19) . Picture taken in Mlada Boleslav, Czech Republic, Apr PRAGUE (Reuters) – Czech car makers will produce quarter […]
Chips are used in the production of new cars (PA Archive) Sales of new cars plunged in September – usually a buoyant month for the sector – amid an ongoing global semiconductor shortage, latest figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed. Registrations fell by nearly […]
The global chip shortage has slammed the auto sector this year, cutting factory output by several million vehicles and erasing billions in revenue for car companies. Next year is expected to be nearly as challenging, industry analysts say. Auto executives for months have expressed optimism that the problem would begin […]
Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Car manufacturers including Ford, Volkswagen and Daimler are still struggling to deal with the impact of the global chip shortage, with executives from each of the […]
Currently in the market for a new or used car? If so, be prepared for some sticker shock, at least for the foreseeable future. According to the analysts at automotive resource company Edmunds, new car inventories have been strained for months due primarily to a combination of global semiconductor chip […]
STAUNTON — Matthew Walsh said normally there would be up to 2,200 cars on the lots at the 15 Carter Myers Automotive dealerships in the state. Now, they have a total of 363. “That makes it hard for us to provide selection for customers and typically, if you were buying a […]