supply

Signature Auto Group New York Combats Global Chip Shortage & Supply Chain Issues With Car Lease Exit Program | News

BROOKLYN, N.Y., Oct. 30, 2021 /PRNewswire-PRWeb/ — Signature Auto Group, a premier online car leasing company, with offices in both Brooklyn, NY and Fort Lauderdale, Florida, has been combating the current global chip shortage and supply chain issues with it’s early car lease exit program! The semiconductor chip shortage brought upon by the Coronavirus pandemic, is expected to cost the global automotive industry upwards of $210 billion in revenue in 2021. This issue coupled with a global supply chain slowdown, has caused used car prices to rise, meaning that exiting a car lease early can benefit the car Lessee. Through a seamless online process, Signature Auto Group can offer car lessees’ custom lease exit options.

Supply chain issues around the world have created an even more difficult situation for the automotive industry. Not only are manufacturers not able to build enough cars, they are also struggling to deliver

Read More

Auto sales nosedive in Q3 as inventory dries, supply shortages worsen

U.S. car sales have dipped to levels not seen since the Great Recession as ongoing supply shortages hamper automotive production worldwide, strangling inventories while dealers attempt to salvage whatever revenue they can by increasing margins on the few vehicles they’re able to stock. 

Even a careful perusal of Q3 and September sales figures (Automotive News subscription required) reveals virtually no good news; even Toyota’s slight improvement is tenuous at best. While many raw materials and basic components have been in short supply since the pandemic crippled worldwide logistics, the primary culprit in the ongoing automotive production slowdown is computer chips. While some have been quick to point fingers at electric vehicles and other high-tech offerings, the shortage hasn’t really discriminated.

As of the end of September, the industry is still up more than 13% compared to a year ago, but there’s a catch: Sales through Q3 of 2020

Read More

A supply crunch has sent used-car prices soaring. These 16 models are now worth more used than new.

A gray 2020 Kia Telluride on a green lawn.

A new Kia Telluride costs close to $4,000 less than a used one – if you can find one. Kristen Lee/Business Insider

  • Car dealers are facing a supply crunch that’s sent used-car prices through the roof.

  • Some 2019 and 2020 cars are now cheaper to buy new, an analysis from iSeeCars found.

  • The Kia Telluride costs $3,564 more to buy used than new, the analysis found.

  • See more stories on Insider’s business page.

Skipping a brand-new car for one that’s lightly used has always been the most wallet-friendly way to buy a car. Not anymore.

In the strange and sometimes utterly backward-seeming times we’re living in, it’s actually cheaper to buy some cars new rather than secondhand. A recent analysis from the automotive-research site iSeeCars.com identified 16 such vehicles, some of which cost thousands more to buy used.

The pandemic has led to a diminished supply of cars and

Read More

Home Reworking Tasks That Supply One Of The Best Return

But that’s ok with us; we’re devoted Dave Ramsey followers and we would much somewhat save up the money and pay cash quite than take out a mortgage for home renovations. Maria and I stash cash away each month for lots of different long-time period targets, however home repair tasks are one of our greatest savings classes. When we’ve successfully saved a couple thousand dollars in our home repairs sinking fund, we call up the handyman company we use to knock out a few more of the projects on the high of our list. Most recently, we just had our perpetually peeling bathroom ceiling refinished, some holes patched, squeaky flooring mounted, and a few different minor repairs. Then we set about prioritizing that list, rating projects primarily based on how soon we wanted them to be accomplished.

  • Kate and Pam, the brains behind Retrorenovation are right here that can assist
Read More