Day: August 24, 2021

Why Do Cars Cost More Right Now?

Before the pandemic, Earl Stewart could count over 300 new cars sitting on the lot of his family’s Toyota dealership in South Florida on any single day. The high inventory meant customers could find the exact model and color they wanted for well below sticker price. But now, Stewart’s lot has just a fraction of the cars he had before, with inventory down to 31 as of Friday.

That’s because a global shortage of semiconductor chips supplied primarily from Southeast Asia—where COVID-19 cases are among the highest in the world—has forced automakers to cut production. Nearly 20 auto factories have stopped or reduced production in recent weeks due to supply chain issues, affecting plants across the globe. At Ford’s Kansas City assembly plant, which builds the F-150 pickup and Transit van, employees were temporarily laid off for one week as they continue to wait for back-ordered chips to become

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Automotive Heritage Foundation 2021

PHOTO (select to view enlarged photo)
Shelby Mustang GT500 team accepts award for Future Collectible Vehicle of the Year
Photo by Bob Giles

The 2021 Automotive Heritage Awards took the stage at the M1 Concourse last Friday during their Woodward Dream Show, a great new venue for the AHA. It was mighty hot with too few clouds and not a wisp of breeze to mitigate the summer heat, but we had a hearty audience of winners and guests.

Csaba Csere’s judges determined 6 Gold medal winners, 10 Silver, 21 Bronze and 5 Best of the Best trophy winners in the Automotive Heritage Journalism Competition. We had nearly 80 entries this year of excellent quality from all over the U.S. and a few from abroad. For the winners list, go to our website.

[The Silver Medal story from Collectible Automobile, “1971-78 Cadillac Eldorado: A Sizable Difference,” was erroneously credited to the editor who entered the story

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2019 New Car Costs

Lots of the adjustments occurring in the automotive market as we speak, including tightened credit score markets in a capital-intensive business and increased government involvement are the latest global challenges. Settlement Provides. We could, but aren’t obligated to, make a written settlement supply anytime earlier than or throughout arbitration. The amount or phrases of any settlement provide will not be disclosed to the arbitrator except and until the arbitrator issues an award on the declare. If you don’t settle for the provide and the arbitrator awards you an amount of money that’s greater than our offer however less than $5,000, we conform to: (a) pay you $5,000 as an alternative of the decrease amount awarded, (b) pay your affordable lawyer’s fees and costs, and (c) reimburse any arbitration filing fees and arbitrator charges and expenses incurred in connection with the arbitration of your Dispute. If the arbitrator awards you more … Read More

What to know about the vehicle shortage in Wisconsin

Drive past any car dealership in Wisconsin — or anywhere in the country really — and you’ll notice the lots seem emptier than usual.

That’s because they are. 

The world is in the midst of a global vehicle shortage, and Wisconsin is no exception. 

Auto dealers don’t have the same inventory as in the past due to a slowdown in manufacturing due to a global shortage of microchips used in vehicles.

But people still want to buy cars, and this has led to the vehicles that are available, both new and used, flying off the lots as soon as dealers get them in, while customers are getting top dollar for their used car trade ins. 

The automotive industry will eventually recover and return to normal, said Angela Hansen-Winker, the lead faculty member of Northeast Wisconsin Technical College’s supply chain management program. However, she thinks the vehicle shortage is going

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