Pandemic

Computer chip shortage amid COVID-19 pandemic leads to low car inventory

SAN FRANCISCO (KGO) — Auto manufacturers can’t buy all the computer chips they need, so the supply of vehicles is tightening.

“It’s not really that they are producing less chips,” says Karl Brauer from the automotive website iSeeCars, “it’s that there are more reasons to produce chips now or more demand for chips.”

Fewer chips means fewer vehicles — new and used — but that doesn’t mean you can’t find the vehicle you want.

“I never thought I would have a luxury vehicle in my life and I walked away with my dream car,” says Lilith Lerma of Antioch.

She thinks the pandemic has made buying a car easier.

“The whole process was fast and seamless,” she says, “and probably the best buying experience I’ve ever had.”

She’s not the only one with a pleasant pandemic buying experience.

RELATED: Consumer Reports: Used car or certified pre-owned?

Bill Miller

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Springfield car rental owners say pandemic has had impact on car availability

SPRINGFIELD, Mo. (KY3) – Rental car companies across the country are feeling the impact of the COVID-19 pandemic.

Joe Horton, owner of Rent-A-Wreck in Springfield, said he’s seen the impact first-hand. He said the boom in car rentals could be contributed to several reasons, however, he said it all leads back to the pandemic.

He explained that last year, companies sold off a large portion of their fleet because people weren’t traveling, so cars were sitting at airports and on lots.

With COVID-19 restrictions easing in areas across the country, including the Ozarks, Horton said travel is picking back up. He said people are looking to rent cars again, but there’s an ongoing chip shortage in the automotive industry, preventing companies from getting inventory.

“As the demand increases, they’re trying to pick up their inventory, and I’m in the same boat to a lesser degree,” explained Horton. “So we’re falling

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How the pandemic led to a rental car crisis just as Americans are ready to bust loose

“Usually car rental is an afterthought,” said Benjamin Tuttle, a computer-assisted design programmer from Minnesota, who was taken aback when Hertz quoted him a price of $240 per day to rent a sedan to tour Colorado’s Rocky Mountain National Park.

The industry backfire illustrates that the post-pandemic recovery, while strong, may not be entirely smooth. As more retail businesses reopen, many report trouble hiring enough workers to cope with surging demand. Manufacturers complain that raw materials are scarce – a semiconductor shortage that hobbled auto production is making it hard for companies like Avis to restock.

“The covid shock was unlike anything we have experienced before. As we go into the recovery phase, we’re going to see friction and disruption in the normal flow of economic activity,” said Kathy Bostjancic, chief U.S. financial economist for Oxford Economics. “It’s going to be a bit erratic and disrupted, but the pace of

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The pandemic car buying rebound is real as sales rocket 110%

America is itching for a new car, collectively.


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For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

It wasn’t hard to imagine substantially better year-over-year sales figures for April, considering much of the US shut down amid the coronavirus pandemic in 2020, but record breaking sales? That’s the expectation, according to JD Power and LMC Automotive’s retail sales forecast, released Wednesday, with an estimated 1,325,500 new cars sold.

April 2021 sales are expected to catapult upward by 110% year-over-year, compared to April 2020 when millions of Americans were under stay-at-home orders and numerous businesses closed their doors. In short, as we wave goodbye to this month, the retail sales figure will go down as the highest ever recorded for the month of April. However, to underscore the excellent sales month, adjusted for the number of selling days, sales are still

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