INDIANA IN-DEPTH: Chip shortage puts news, used vehicles in high demand | Across Indiana

Currently in the market for a new or used car? If so, be prepared for some sticker shock, at least for the foreseeable future.

According to the analysts at automotive resource company Edmunds, new car inventories have been strained for months due primarily to a combination of global semiconductor chip shortages and supply chain disruptions connected to the COVID-19 pandemic.

After digging into the potential impacts of those factors, the company recently reported that new vehicle inventory at dealerships nationwide was down by 48% this spring compared to a year ago, with inventories continuing to fall in the summer. And while the company does predict that new car inventories will begin to steadily rebuild beginning in September, the anticipation is that inventories will remain well below their pre-pandemic levels through 2022.

“New vehicles — particularly new trucks and SUVs — are basically the 2021 equivalent of toilet paper and

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GKN Automotive accelerating advanced development of next-generation 800V eDrive technologies as EV demand increases

GKN Automotive Logo 2021 CMYK Master.jpg 

GKN Automotive accelerating advanced development of next-generation 800V eDrive technologies as
EV demand increases

· GKN Automotive extending its leadership of eDrive technologies by rapidly developing next generation systems in response to increasing EV demand
· All-new technology will employ 800V systems
· Future eDrive systems will speed up charging times, enhance battery range, reduce weight and improve performance
· Rapid development of next generation systems, accelerated further through partnership with Jaguar Racing in the ultra-competitive Formula E series

London, UK, 20 July 2021 GKN Automotive, the global leader in drive systems, is accelerating its development of next generation eDrive technologies in response to the rapidly increasing global demand for electrified vehicles.

These future systems, utilising and harnessing state-of-the-art 800V technologies, are already at advanced stages of development and being tested in real-world conditions. GKN Automotive’s global experts are now working with the world’s 
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Electric car battery gigafactories needed across UK to meet demand, says PM

Boris Johnson (PA Wire)

Boris Johnson (PA Wire)

Electric vehicle battery plants will have to be built “across the whole of the UK” just to satisfy the country’s domestic car production, the Prime Minister has said.

Boris Johnson also gave the clearest signal yet on Thursday that the Government will lend support to the building of one such facility – known as a gigafactory – in the West Midlands

He said there is “obviously a case” for establishing one in the region.

Mr Johnson was speaking at the UK Battery Industrialisation Centre in Coventry as plans were formally submitted for a power unit plant on a site located next door.

West Midlands Mayor Andy Street has described the proposal, which could create 6,000 jobs, as “mission critical” for the local economy and future health and prosperity of the region, and has said he “will not rest” until it is delivered.

Jaguar Land Rover (PA Media)

Jaguar Land Rover (PA

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‘Perfect storm’ of chip shortage, soaring demand pushes used car prices to new highs

Canadian car shoppers hoping to buy a used vehicle ahead of a summer road trip can expect two things: Fewer options and higher prices.

a close up of a car

© Provided by The Canadian Press

A global shortage of semiconductors, a small but crucial computer chip used in new vehicles, has curtailed production for months.


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The situation has sent shock waves through the North American auto industry, causing lengthy wait times for new vehicles and driving up the demand and cost of used vehicles.

The problem is expected to worsen in Canada in the coming weeks as the economy reopens and pent up demand from repeated lockdowns hits the market, experts say. 

“The impact of the shortage has been slightly muted in Canada so far this year, mainly due to COVID-19 lockdown restrictions,” said James Hancock, director of business development for Canadian Black Book, an automotive data analytics company.

New car inventory is

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