new car shortage august 2021
Hybrid used car prices are up 405 and electric used car prices are up 363 amid a surge in gas prices. Toyota Motor announced a 40 cut in car and truck production around the world in October due to complications from a shortage of computer chips and COVID-19 restrictions affecting the production of parts in Southeast Asia.
BMW expects chip supply to remain tight for another 6-12 months with supply chain constraints lasting well into 2022.
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