The global chip shortage crisis explained. The pain of the world’s shortage of semiconductor chips has been shared widely but unevenly across industries, and in perhaps no sector has the impact been more devastating than in automotive. Since the shortage took root, a pecking order has taken shape in terms … Read more
It’s been general knowledge for years that once you drive that new car off the lot, it loses value until you sell it or it breaks down entirely. That was true until the pandemic hit, anyway; now, thanks to several different factors, the prices for used cars have risen to … Read more
The figures are in for 2021 U.S. auto sales and the numbers are revealing. We learned that Toyota overtook GM in total sales, the first time a foreign manufacturer unseated a domestic leader. GM’s sales fell 13 percent over 2020, while Toyota’s rose by 10 percent. Both manufacturers were impacted … Read more
Ford considers a way to move unfinished models closer to customers. The auto industry is in a world of hurt due to the global semiconductor chip shortage. In the U.S., some manufacturers are suffering more than others, with the shortage reducing the output of certain models by half or more. … Read more
Automaker institutes a new build-shy term to describe its current production methodology. The term “build-shy” is new, but it aptly describes one automaker’s production strategy in this era of global chip shortages. GM, which is comprised of the Cadillac, Chevrolet, Buick, and GMC brands, isn’t allowing a shortage of semiconductor … Read more