inventory

Chip shortage means vehicle inventory likely won’t recover until 2023

A world-wide shortage of microchips has forced automakers to slow or stop production of many cars. That has pushed car prices to record highs in both the new and used markets. Analysts have consistently predicted that the problem would ease in 2022. But now, a major chip maker is warning that it could last into 2023.

Backlog will take more than a year to clear

Japan’s Rohm Co.
ROHCY,
+3.41%
is one of the largest suppliers of microchips to the automotive industry. Its largest clients include Toyota
TM,
+1.72%,
Ford
F,
-0.92%,
and Honda
HMC,
+1.18%.

“All of our production facilities have been running at their full capacity since September last year, but orders from customers are overwhelming,” Rohm CEO Isao Matsumoto told reporters in August. “I don’t think we can fulfill all the backlog of orders next year.”

Why this happened

The average new car contains

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Golden Woman Beauty Trend Mannequin Lady With Golden Skin, Make-up, Hair And Jewelry On Gold Background Inventory Photo

By adhering to conventional beauty requirements, the fashion trade had been leaving money on the table. Designers similar to Christian Siriano made a public point of catering to bigger customers and, in doing so, have been hailed as good and as capitalist heroes. Now it’s pretty frequent for even essentially the most rarefied fashion manufacturers to incorporate giant fashions of their runway reveals. Her tightly coiled hair was sheared near her scalp.

Charm is deceptive and wonder disappears, but a girl who honors the LORD must be praised. Grace is deceitful, and sweetness is vain; But a girl that feareth Jehovah, she shall be praised. Charm is deceptive Female Power, and wonder doesn’t last; however a woman who fears the LORD might be tremendously praised.

It is used for sweeping shade across the lids and highlighting the browbone. Also, you could get a smaller model of this kind for … Read More

As new car inventory dries up, here are the ones that are almost impossible to get

Blame a global computer chip shortage that has crippled car production, pent-up demand caused by coronavirus pandemic restrictions, or simply a bustling economy. No matter the cause, one thing is for sure: new cars are in short supply.

Cox Automotive found that some models are nearly nonexistent on dealer lots. A standard metric used in the automotive industry looks at the theoretical number of days it would take for dealers to run out of a specific model entirely, assuming supply was cut off.

See: Brace yourself for a summer of shortages — from lifeguards and fireworks to lobster and beef burgers

Toyota
TM,
+0.72%
dealers have the weakest inventories: just 18 days’ supply on average, meaning lots would be essentially empty in less than three weeks if the automaker stopped shipping new cars from its factories.

The hottest Toyota is, ironically, one of the oldest designs on the market.

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Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car | News

– June 10, 2021

Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 

CHICAGO, June 10, 2021 — According to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS), nearly 10% of recent car buyers drove out of state to purchase their desired vehicle, with more than half (52%) of those traveling 25 miles, nearly 20% traveling 50 miles and 13% of buyers traveling more than 250 miles to a dealership due to ongoing new- and used-car inventory shortages.

“With the current auto inventory challenges, recent car buyers are going to great lengths to find the car they want,” said Kelsey Mays, Cars.com assistant managing editor, news. “I don’t anticipate this trend slowing down, either. Of consumers currently in the market and shopping for a car,

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