This was an interesting tid-bit from a news article...
World-wide automakers are losing billions and billions of dollars from being unable to produce vehicles to meet demand. US production is about a million or so vehicles behind demand...
Good luck. I would suggest don't buy anything now, just wait, but the situation will likely not improve at all for quite a while. I thought I would never say this, but I would sympathize with the dealers a little bit. There is just not enough inventory for them to play their usual games or offer any real deals....lol
From the article....:
https://www.freep.com/story/money/ca...21/7688773002/
In May, global consulting firm AlixPartners in Southfield said the chip shortages could cost the global auto industry $110 billion for the year.
GM CEO Mary Barra has said the shortage could cost GM up to $2 billion in lost earnings this year. Barra said GM expected chip supplies to return to normal in the second half of the year.
The Alliance for Auto Innovation, the trade group that represents automakers, said the shortage could hurt auto production for another six months and result in 1.28 million fewer vehicles being made in the U.S. this year.
So it is critical for automakers to get as many chips as possible to keep assembly lines moving to mitigate losses.
More:Bad quarter and year as auto industry to lose billions from chip deficit
It remains unclear whether automakers might be able to make up that production and any revenue losses over time, Krebs said.
"The losses are being offset by higher vehicle prices and less expense," Krebs said. "Almost every automaker in every region has been forced to make production cuts. As a result, inventories are extremely low while consumer demand is extremely high. That means vehicle prices are high."
In the first week of June, the average listing price of a new vehicle was $40,566, up nearly $200 from the prior week. The average listing price was 5.5% above last year, and 10.3% above the same week in 2019, Krebs said.
Used car prices are also high because with new cars not moving, trade-ins aren't happening creating a shortage ofused cars. too. The average listing price for a used vehicle was $23,786, up nearly $340 from the prior week, Krebs said. Prices are running 22% above 2020 and 2019 levels, she said.
Why is my vehicle delayed because of chips?
Many automakers have idled factories and stopped making some vehicles altogether so as to ship whatever chips they can get to more in-demand highly profitable vehicles such as pickups and SUVs. Also, GM and Ford Motor Co. are building the vehicles without the chips, then parking them to await the part. Once the chips arrive, those vehicles are put through final assembly and shipped to dealers. But the delay can be weeks.
In the meantime, supply of new vehicles is at an all-time low, Krebs said. Used supply is slowly rising due to a slowing sales pace. These trends likely will continue over the coming weeks since there is little that could change the current situation, Krebs said.