FOX:
FORT MYERS, Fla. – Car prices could remain high for another two years as dealerships continue to struggle to maintain their inventory of used and new cars due to a shortage of Chinese-made semiconductor chips, dealers told Fox News.
“We have to charge more money for the cars because we’re paying more money for the cars,” John Bodmann, a product specialist with McGrath Volvo Cars of Fort Myers, told Fox News. “The prices of used cars have escalated since the availability of new cars is limited.”
The price of used cars and trucks rose 31.4% over the past year, while new vehicles climbed 11.1%, the latest Consumer Price Index showed. The car dealers told Fox News they estimated that prices would continue to be high for the next one to two years.
“Customers come and see less now and have to pay a bit more,” Diamond Cut Autos sales consultant Alexis Alvarez told Fox News. “For example, now you get a car that’s 2010, and it might just cost you like four or five grand more.” more
Surely one of the USA chip mfgrs can re-open one of their old plants in San Jose Silicon Valley and start churning out chips 24/7?
It is criminal how Democrat Party politicians & their RINO counterparts voted for and passed legislation that incentivized American corporations to offshore their manufacturing of products that are vital to our national security & well-being. Still-My-President Trump started to reverse that BS but the meatpuppet Traitor Biden* and his evil puppetmasters are working hard to ensure America’s downfall.
I had a local dealership email me & ask me to sell them my car (2000 Toyota 4Runner). Of course I told them NO. What could they replace it with, for the same price?
A year ago the dealers had so much inventory they couldn’t fit them all on the lot. I smell a rat.
Wait for it. Semiconductor rationing based on skin color. Ya know, equity or something.
Yeper, I be keepin’ my 2000 Toyota Camery
with 190,000 miles on her.3.0 liter with
4 cam 24 valve.She can still give ‘Em a
thrill on the most DANGEROUS interstate in the USA
I-45, Galveston to Dallas…..
TI & Samsung both investing billions in chip manufacturing plants in the Dallas area, but it’s going to be a few years before they’re producing.