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Czech car sector to make 250,000 fewer vehicles this year due to chip shortage By Reuters


© Reuters. FILE PHOTO: Cars are parked in the courtyard of Skoda Auto’s factory in Mlada Boleslav, Czech Republic, as the company restarts production after shutting downdue to the coronavirus pandemic (COVID-19) . Picture taken in Mlada Boleslav, Czech Republic, Apr

PRAGUE (Reuters) – Czech car makers will produce quarter a million fewer cars than expected this year due to the global shortage of chips and the automotive sector will lose 200 billion crowns ($9.14 billion) in sales, the Auto Industry Association (AutoSAP) said on Sunday.

AutoSAP said domestic passenger car production dropped by 53.1% in September year-on-year, to 56,157 cars.

It said the chip shortage impact would exceed that of pandemic shutdowns last year, and called on the government to activate an aid programme created amid the coronavirus pandemic last year to compensate firms for wages of idled workers.

AutoSAP said production rose 2.9% year–on-year cumulatively in the January-September

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Used car values soar due to chip shortage, how to cash in on your clunker

A microchip shortage that is slowing down new car production is also turning up the heat in the used car market.

With fewer new cars to buy, consumer demand for used cars is going into overdrive.

Auto experts say you can get a good deal if you want to sell or trade in your used car.

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“The lack of new cars being sold causes a problem with used cars. There’s no trade ins,” said Bill Haggerty, dealer and operator of Haggerty Buick GMC.

There are not a lot of used cars out there because consumers have been buying them since new car production is slow due to the

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Used vehicle costs to rise due to computer chip shortages

Get ready to pay higher prices for used cars.

A dearth of semiconductor chip production is cramping new-vehicle production , limiting the availability of certain models in the coming months and threatening to raise used-car prices as buyers hunt for alternatives.

The shortages of chips, a result of the pandemic, are rippling through the automotive industry, undercutting production at General Motors, Ford, Honda, Toyota and other companies.

The upshot is that the used-car market, in particular, is poised for significant disruption – likely in the form of higher prices.

A similar thing happened in 2020 when automakers were forced to temporarily stop the production of most new vehicles due to COVID-19 lockdowns. That drove more buyers into the used market, increasing prices.

“The used-car market went haywire,” says Ed Kim, vice president of industry analysis for AutoPacific. “I’m expecting to see more of the same thing year, but for

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Automotive Glass Market Gain Impetus due to the Growing Demand over 2020-2030

Future Market Insights has announced the addition of the “2020 Analysis and Review: Automotive Glass Market by Glass Type – Laminated Glass and Tempered Glass for 2020 – 2030” report to their offering.

The  automotive glass market  is likely to surpass US$ 16.8 billion through 2030, according to a new research study by Future Market Insights.

According to the study, high strength and lower price structure drives the adoption rate of the automotive glass but inadequate standardization continue to hinder the market growth prospects.

Car companies are incorporating glass canopies while also fuelling the use of automotive glass in rear view mirrors and electronic sensors,” says the FMI Analyst.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2262

Automotive Glass Market – Key Highlights

Tempered automotive glass accounts for 65% of revenue share.
Electric section will remain lucrative in the automotive glass market during the assessment period.
East Asia

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