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 […]
shortages
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 […]
U.S. car sales have dipped to levels not seen since the Great Recession as ongoing supply shortages hamper automotive production worldwide, strangling inventories while dealers attempt to salvage whatever revenue they can by increasing margins on the few vehicles they’re able to stock. Even a careful perusal of Q3 and […]
© Provided by City AM Car production tumbled in the UK for the first time since February as the combination of global chip shortages, workers being forced to isolate, and summer shutdowns jammed up factory lines. According to the Society of Motor Manufacturers and Traders (SMMT), just 53,438 cars were […]
Used car and truck dealers have bought models for more than their original sticker price. Jim Watson / AFP via Getty Images Used-car prices have skyrocketed over the last year. A supply crunch in new cars is spurring demand for used models. Prices may not return to normal for at […]
– June 10, 2021 Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 CHICAGO, June 10, 2021 — According to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS), […]
For the next few months, Charlie Gilchrist figures his 11 car dealerships in Dallas-Fort Worth will sell just about every new vehicle they can get from the factories — and at increased prices. In normal times, that would be cause for joy. Not so much now. A global shortage of […]
Get ready to pay higher prices for used cars. A dearth of semiconductor chip production is cramping new-vehicle production , limiting the availability of certain models in the coming months and threatening to raise used-car prices as buyers hunt for alternatives. The shortages of chips, a result of the pandemic, are rippling […]
TORONTO — Consultants estimate that car and truck sales last month fell 17.4 per cent compared with January 2020, after COVID-19 lockdowns and inventory shortages hampered sales. DesRosiers Automotive Consultants says that 90,890 cars and trucks were sold in January, down from the 109,988 sold in the same month last […]