Why Is Your Car Worth More Now? - Global Auto Microchip Shortage Explained

This video talks about the global microchip shortage that is affecting the automotive industry. Businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips, resulting in less new vehicles available. Without the new cars coming in, dealers need to buy used to maintain an inventory, so they are paying top dollar for used cars, and then selling them higher, increasing the values of all vehicles.

The chip shortage stems from many factors as carmakers compete against the sprawling consumer electronics industry for chip supplies.
Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, leading to tighter inventory.

Automobiles have become increasingly dependent on chips - for everything from computer management of engines for better fuel economy to driver-assistance features such as emergency braking.

We’ll go deep into this issue, looking at what’s going on, how this all happened, how Stellantis and other brands are affected, what companies are doing to combat this challenge, what this means for those looking to buy or sell your car, and how long this will last!
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Видео Why Is Your Car Worth More Now? - Global Auto Microchip Shortage Explained канала Marspeed