Chip shortage is way worse than we knew! Car prices to skyrocket

5
250

The chip shortage is much worse than you thought. Prices of cars will skyrocket and there are car shortages now. It is very bad for the economy. People have money to buy cars but there are too few cars at too high a price.

The extreme mandates really did a lot of damage and everything is so fragile.

~ Industry forecasters predict vehicle sales from July through September were less than 3.4 million, down between 13% and 14% from a year earlier.

~ The severe decline, including a massive fall in September, is due to the ongoing shortage of semiconductor chips for new vehicles.

~ Edmunds expects General Motors and Ford to have the largest third-quarter sales declines of 31.5% and 29.3%, respectively.

Watch:


PowerInbox
0 0 votes
Article Rating
5 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
GuvGeek
GuvGeek
8 months ago

Note that the chips needed for Electric Cars seem to be available, but chips for REAL vehicles are the ones in short supply. Traitor Joe made gasoline scarce so cost is way up and the Government is subsidizing Electric Vehicles and charging Stations. This is nothing but trying to back door the Green New Deal.

Tim Kuehl
Tim Kuehl
8 months ago

How’s that relying on Asia in general and China in particular for our manufacturing working for us? Why do we import what we can produce? I know, it’s greed. We can import cheaper than we can produce. It’s disgusting how people can demand high wages and compensation for their work but be extremely cheap when it comes to compensation for those whom they hire. We can see the results of that attitude in the reduction in the middle class.

Tim Shep
Tim Shep
8 months ago

Don’t blame me I voted for Trump.

The Great Leap Forward Redux
The Great Leap Forward Redux
8 months ago

But everything centralized gov touches turns into utopia? (sarc)
Why can’t our good buddy ally CCP hook us up with some CPU?
When they take Taiwan, all the chips will be theirs also after Taiwan the former USA is next and the CPUSA is in agreement.
Plan and prep accordingly.

Sick of it All
Sick of it All
8 months ago

They got us out of our cars through the back door. Dealers are scrambling for used cars. Forget becoming Venezuela, they’re not stopping until they turn us into Cuba.