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Automakers in San Francisco have been struggling with the chip shortage. With modern models, chips are a crucial part of their business. This shortage is a combination of lockdown due to the pandemic, weather-related events, and supply chain congestion. Let Victory Honda of San Bruno tell you why there is a chip shortage and what this means. We are available to answer other automotive-related questions.
What is the chip shortage? Computer chips are a crucial component to everything from game consoles to tablets to even cars. When the pandemic caused auto makest to shut down for weeks, they halted orders for chips. What’s more, demand rose for chips for tablets and computers as many places moved to remote work and school. Now that automakers are back up and running, chips are still scarce, causing a decrease in vehicle production.
On average, the creation of 30,000 cars requires the use of around 90 million microchips. Now with production delays as well as additional factors like gridlock at ports, chip orders could take 8 to 10 weeks for delivery.
Additional issues impacting the creation and delivery of these computer chips include weather issues. Some other severe weather issues like storms in Texas, a drought in Taiwan, and a recent fire in a Japanese automotive chipmaker contribute to the speed bumps.
Production for chips has increased, and demands for chips are expected to decrease and stabilize again. However, experts warn that the chip shortage could last well into 2022 and possibly into 2023.
Now that you know why there is a chip shortage in the automotive industry, you’ll want to know what that means for you as a consumer. It means prices have increased on certain brands and models. While this could be frustrating for shoppers, it also makes a great situation for those who are looking to sell or trade-in a vehicle, as you’ll be able to get top dollar for your car in San Bruno.
If you’ve been considering selling your car in the Hayword or Oakland area, you’ll find now is an excellent time to sell your car to our dealership. Contact us today to learn more about selling your car in San Bruno!
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