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 […]
Shortage
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 […]
takoburito Getty Images/iStockphoto The world’s supply chain woes are bearing down on U.S. auto garages. The challenge of finding spare parts as mundane as oil filters or carpeting has forced repair shops to hoard inventory, find workarounds and plead with customers for patience until a shipment comes in. Typical delays […]
© 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 […]
SPRINGFIELD, Mo. (KY3) – If you’re looking for a used car, around the Springfield-area or elsewhere, you might have to save up a little more than usual for one. A new study from iSeeCars.com, automotive research firm, analyzed trends from more than 1.9 million used car sales nationwide in the […]
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 […]
Drive past any car dealership in Wisconsin — or anywhere in the country really — and you’ll notice the lots seem emptier than usual. That’s because they are. The world is in the midst of a global vehicle shortage, and Wisconsin is no exception. Auto dealers don’t have the same inventory as in the […]
The used car supply shortage is loosening up. Why it matters: Used car prices exploded in the past year, boosting inflation substantially, as disruptions in the production of new cars held back the supply of preowned cars. Get market news worthy of your time with Axios Markets. Subscribe for free. […]