You may have read about the Ford Trucks:
It’s no secret that the global chip shortage is wreaking havoc on automakers; even chip-hoarding Toyota is starting to feel the heat. Stellantis, Ford, GM—pretty much everybody is getting a taste of a major supply-chain shortcoming, and needless to say, it’s bad for business.
But just because vehicles need chips to be delivered doesn’t mean you have to stop making ’em altogether. Case-in-point, Ford is still making trucks; it’s just making them without the necessary bits, holding them until the chips finally come in, and then shipping them out to dealers. Ford is doing this with what looks like thousands of vehicles, and you can see the results from space.
Stockpile of Unfinished Ford Super Duty Pickups Missing Chips Is Now Visible from Space (thedrive.com)
I am not sure how much is this chip shortage affecting the rest of the market. But what can I tell you is that the prices of used cars have gone ballistic. On account of the moving and other things, we decided to sell my wife’s SUV which was smaller than mine and just drive up in one vehicle. She bought it brand spanking new three years ago for $20,000 and today she sold it to the same dealer for $19,000 in a transaction that may have lasted 32 minutes which was as long as it took for the salesperson to test drive it, to fill the paperwork and have the check issued. I joked that she “leased” the vehicle for less than a buck a day, not counting gas and insurance. To say we were surprised is a serious misunderstanding.
But the shocker was when we checked how much my “previously owned” vehicle bought last November would bring to the table. Without going into details, CarMax offered me $3,000 over what we paid for it. I could actually make a profit.
This is batshit insane. How can people afford to buy a vehicle either new or used? The Missus also told me that while she waited for the paperwork and the check, she heard other sales people on the phone talking to prospective clients and apologizing that there were short on offerings. The common phrase heard was “Sorry, that is all we have in stock.”
Needless to say we are going to take very much care of our remaining form of transportation.
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