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The Microchip Shortage Has Caused a Unique Crisis in the Car Industry

The microchip shortage has recently caused a plummet in the sale of new automobiles but has skyrocket the sales of used cars.
Some auto dealers are only getting fraction of new cars in their dealerships nationwide.
Andre Moore, owner of Uptown Chrysler in Dallas says, “Normally, we get 125 to 150 new cars per month here at Uptown and right now were probably getting 30 to 40 cars a month.” Now with a limit supply of new cars, the sales of pre-owned vehicles are surging. The microchip shortage is expected to cost the auto industry around $110 billion dollars. This will force car dealerships to buy used cars from everyday people.

All this and more on “Start Your Day.”

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