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<blockquote data-quote="dennishoddy" data-source="post: 3621185" data-attributes="member: 5412"><p>It’s certainly not cutting edge technology in the vehicle semiconductors currently used, but the shortage is more than likely industry self induced.</p><p>In March 2020, the global pandemic prompted automakers, suppliers and car dealerships to close down. The economy went into a recession.</p><p>The automakers, who have experienced previous recessions, quickly canceled orders for parts with computer chips, thinking auto sales would nosedive, said Michelle Krebs, executive analyst for Autotrader.</p><p></p><p>Sales of new cars did plummet initially, but quickly rebounded with pent-up demand and 0% financing offers. Also, dealers figured out how to sell vehicles online, offering home pickup and delivery.</p><p></p><p>So when the factories restarted, the stronger-than-expected demand for new vehicles outpaced production and has yet to catch up.</p><p>[URL unfurl="true"]https://www.freep.com/story/money/cars/2021/06/15/car-chip-shortage-2021/7688773002/[/URL]</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3621185, member: 5412"] It’s certainly not cutting edge technology in the vehicle semiconductors currently used, but the shortage is more than likely industry self induced. In March 2020, the global pandemic prompted automakers, suppliers and car dealerships to close down. The economy went into a recession. The automakers, who have experienced previous recessions, quickly canceled orders for parts with computer chips, thinking auto sales would nosedive, said Michelle Krebs, executive analyst for Autotrader. Sales of new cars did plummet initially, but quickly rebounded with pent-up demand and 0% financing offers. Also, dealers figured out how to sell vehicles online, offering home pickup and delivery. So when the factories restarted, the stronger-than-expected demand for new vehicles outpaced production and has yet to catch up. [URL unfurl="true"]https://www.freep.com/story/money/cars/2021/06/15/car-chip-shortage-2021/7688773002/[/URL] [/QUOTE]
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