Used Car Pricing Will Remain Inflated Until Microchips Arrive
At least according to Carvana CEO Ernie Garcia.
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At least according to Carvana CEO Ernie Garcia.
Several new all-electric models just over the horizon.
Auto sales recently fell in the Chinese market.
GM says it is now a bit easier to get the chips it needs.
Another feature deleted because of the shortage.
GM wants to take the chip shortage issue into its own hands.
The Chevy models have taken the most downtime amid the chip shortage.
Turns out car shoppers are more than willing to pay higher prices.
High-profit models are still rolling off the line, but sit waiting for chips.
The chip shortage could last into 2022.
GM expects to lose up to $2 billion this year due to the chip shortage.
Biden wants to help the U.S. auto industry avoid another microchip shortage.
Normalcy expected by the latter half of the year.
It’s part of a worldwide problem which may last until late 2021.