Whether you’ve kept tabs on the news or tried to buy a vehicle lately, you’re likely aware of the new car inventory shortage. The shortage of new vehicles making their way to car lots around North Canton is directly related to the production issues with semiconductors. Semiconductors, also known as automotive chips, are needed to produce all modern vehicles. In fact, many new cars require 1,000 or more of these chips to complete production. As such, the automotive chip shortage is having a disastrous impact on the production of new vehicles.
With fewer new cars on the market, prices are rising and competition is stiff. Luckily, Serra Mazda works hard to keep a strong selection for our Canton-area customers, and we can always help you find your fit. Review our guide below on the current car ship shortage situation so you can be fully informed when you start shopping!
As previously mentioned, the car inventory shortage has been caused by a slump in semiconductor production. But what caused the automotive chip shortage? The car chip shortage was set in motion by the outbreak of COVID-19. The global pandemic had a devastating impact on automotive manufacturing, as shutdowns and slowdowns became the norm.
On top of the car chip shortage, semiconductor production has been strained overall. As a result of consumers being homebound due to COVID-19, household electronic sales have gone through the roof.
In addition to COVID-related production issues, manufacturers of semiconductors are having great difficulty finding neon and palladium. Since these are essential components, production can’t continue without them. Even as production works towards reaching pre-pandemic levels, the car inventory shortage will likely continue for some time.
The car chip shortage has had a devastating impact on the global automotive market. With order backlogs and production issues persisting to this day, car inventory shortages may continue through 2024 and beyond.
It’s an undeniable fact that the automotive chip shortage has made car buying more difficult. As a result, many dealerships have had to change the way business is done. Luckily, many of these changes are quite positive! Serra Mazda has made shopping from the comfort of home easier than ever before. You can use our vehicle finder service to locate your dream ride, financing application to get pre-approved, and payment calculator to set your budget. Best of all, when you are ready to make your purchase, our expert team will be eager to help!
Since new cars are a bit harder to find, many shoppers are looking to the used car market. This can make buying a pre-owned ride more competitive, but it also means that you can unload your current vehicle for absolute top dollar! Whether you trade your car to Serra Mazda or sell your vehicle privately, you’ll get a great offer. This can be an advantage if you were previously slightly upside down on your loan. In today’s market, you may come out ahead!
If you’re ready to make the switch to a new-to-you vehicle, there’s no need to be discouraged by the current automotive market. Serra Mazda is here to work with you 1-on-1 to ensure you secure the keys to your dream vehicle. Whether you want a brand-new car or a pre-owned discount, we’ll work tirelessly to guide you through every step of the purchase process. Team up with Serra Mazda to turn your automotive fantasies into a reality!
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