Items filtered by date: December 2021

Semiconductor Computer Chip Crisis Causes Long Delays for New Vehicles

The ongoing global semiconductor shortage, along with consumer demand, continues to cause long delays in the availability of new vehicles. Before the shortage, a new car ordered from a factory took about six to eight weeks to arrive at a dealership. Now, the wait times for some popular cars and trucks are up to 18 weeks or longer.^[1]

Why is there a chip shortage for the auto industry?

Semiconductor production is currently monopolized by a few Asia-Pacific suppliers, according to Joe McCabe, CEO of AutoForecast Solutions LLC.^[2] Many of those factories experienced pandemic-related factory shutdowns, which added to the shortage crisis.