If you're wondering why new & used cars are so hard to find, you're not alone. The inventory shortage can be attributed to the coronavirus pandemic and resulting supply chain disruptions. When COVID-19 brought the economy to a halt back in 2020, automakers canceled orders for semiconductor chips.
Why is there a shortage of brand new cars?
Even a couple of years after COVID-19 first rocked the world with shutdowns, pandemic-related factory closures and disruptions in consumer demand are still the main cause of the chip shortage.
How long will the shortage of new cars last?
We are currently looking for experienced automotive journalists and editors to join our team. Make $60k-$80k per year doing what you love.
How long will shortage of new cars last?
We are currently looking for experienced automotive journalists and editors to join our team. Make $60k-$80k per year doing what you love.
Why are there no cars available?
There are many reasons the automotive industry has a chip shortage, but most of them come back to the COVID-19 pandemic. As the outbreak accelerated a year ago, auto production quickly ground to a halt. Automakers canceled orders for microchips.
Why are there no new cars available?
Despite high demand from consumers who needed cars, auto manufacturers built 1.7 million fewer vehicles in 2021 than in 2019, the last full year before the pandemic. And the war in Ukraine has disrupted the global supply of neon gas, which is used to make semiconductors.
Why are there no new cars at dealerships?
Supply chain problems have forced automakers to stop or limit the production of new cars, trucks, and SUVs. Together with disruptions due to the coronavirus pandemic, the price you pay and the deal you get could be very different from what you expect.
