Car prices remain high as Chinese-made semiconductor shortage keeps inventories low

[Kyle]

Car prices will stay high for another two years at least, dealers predict

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.

Car prices remain high as Chinese-made semiconductor shortage keeps inventories low

Car prices are still inflated as dealerships struggle to maintain their inventories amid a shortage of semiconductor chips coming in from China.

www.foxnews.com

 

[Grumpy]

Cool, I feel better about waiting til spring to sell one of my older cars.

 

[Kyle]

Cool, I feel better about waiting til spring to sell one of my older cars.

Makes me glad I shopped around and bought my F150 when I did last year.

They aren't eager to discount anything these days.

 

[HemiHauler]

This is why you people are woefully (and willfully) uninformed. You’ve been dog-whistled by a “China” headline and didn’t dig any further.

The shortage has nothing to do with semiconductor manufacturing operations in China but rather the SINGLE MANUFACTURER of EUV lithography machines, ASML based in the Netherlands, who can’t keep up with demand for them. Over half of the machines in existence are owned by a single company.

But hey, if you want to be shiny-thingied instead of trying to dig beneath the headlines, be my guest. The world is a much better place when you’re kept ignorant.

 

[Kyle]

This is why you people are woefully (and willfully) uninformed. You’ve been dog-whistled by a “China” headline and didn’t dig any further.

The shortage has nothing to do with semiconductor manufacturing operations in China but rather the SINGLE MANUFACTURER of EUV lithography machines, ASML based in the Netherlands, who can’t keep up with demand for them. Over half of the machines in existence are owned by a single company.

But hey, if you want to be shiny-thingied instead of trying to dig beneath the headlines, be my guest. The world is a much better place when you’re kept ignorant.

You still here?

I figured you'd be out berating and provoking cops again already. :youresuchadisappointment:

 

[gemma_rae]

This is why you people are woefully (and willfully) uninformed. You’ve been dog-whistled by a “China” headline and didn’t dig any further.

The shortage has nothing to do with semiconductor manufacturing operations in China but rather the SINGLE MANUFACTURER of EUV lithography machines, ASML based in the Netherlands, who can’t keep up with demand for them. Over half of the machines in existence are owned by a single company.

But hey, if you want to be shiny-thingied instead of trying to dig beneath the headlines, be my guest. The world is a much better place when you’re kept ignorant.

Well HomieHauler, CNN says otherwise. You should write them a terse letter.

'This is a crisis now.' Biden official pleads with Congress to immediately address computer chip shortage

The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars.

www.cnn.com

 

[PrchJrkr]

You know, a real leader wouldn't be begging anyone to do anything. With all the money gov't pisses away, they could've invested in a US based semiconductor plant to lessen our dependence on foreign producers.

 

[HemiHauler]

Well HomieHauler, CNN says otherwise. You should write them a terse letter.

'This is a crisis now.' Biden official pleads with Congress to immediately address computer chip shortage

The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars.

www.cnn.com

Is there a chance that Biden is as dumb as OP? I think there might be.

 

[Kyle]

You know, a real leader wouldn't be begging anyone to do anything. With all the money gov't pisses away, they could've invested in a US based semiconductor plant to lessen our dependence on foreign producers.

with all the money they piss away we could be living in a reproduction of atlantis and traveling the galaxy in a fleet of starships.

 

[Kyle]

Is there a chance that Biden is as dumb as OP? I think there might be.

Oh look! The Internet Tough Guy is back!

 

[gemma_rae]

Is there a chance that Biden is as dumb as OP? I think there might be.

Why the butt hurt? It's your own fault, you could have kept quiet, then I would have only thought you were an idiot.

 

[Sneakers]

You know, a real leader wouldn't be begging anyone to do anything. With all the money gov't pisses away, they could've invested in a US based semiconductor plant to lessen our dependence on foreign producers.

I suggested that and was basically told I was smoking dope.

 

[HemiHauler]

You know, a real leader wouldn't be begging anyone to do anything. With all the money gov't pisses away, they could've invested in a US based semiconductor plant to lessen our dependence on foreign producers.

Not a role of the federal government to be investing money in semiconductor plants, you socialist freak.

Furthermore, the issue isn’t with the manufacturing plants which you would know if you had any smarts.

 

[HemiHauler]

I suggested that and was basically told I was smoking dope.

Because only a dope smoker would think the federal government should be investing in semiconductor plants. We capitalists prefer that innovators handle that sort of thing.

 

[PeoplesElbow]

This is why you people are woefully (and willfully) uninformed. You’ve been dog-whistled by a “China” headline and didn’t dig any further.

The shortage has nothing to do with semiconductor manufacturing operations in China but rather the SINGLE MANUFACTURER of EUV lithography machines, ASML based in the Netherlands, who can’t keep up with demand for them. Over half of the machines in existence are owned by a single company.

But hey, if you want to be shiny-thingied instead of trying to dig beneath the headlines, be my guest. The world is a much better place when you’re kept ignorant.

Does it matter why? The end result is car manufactures can't get enough semiconductors right now.

 

[HemiHauler]

Does it matter why?

Truth and accuracy always matter. Always.

 

[SamSpade]

Does it ever strike anyone as very strange - that a generally simple machine run by an internal combustion engine - MUST now completely depend on a semiconductor board? That the cars we grew up on, rode with our families, first learned to drive, first learned to fix and adjust - it needs a chip or it's just a pile of metal? How did it get that way?

 

[Kyle]

Wayback when I’d taken apart many 60s era cars, and put them back together without a hitch.

I pop the hood on my new truck, I couldn’t identify half the crap they piled on the motor.

 

[HemiHauler]

Does it ever strike anyone as very strange - that a generally simple machine run by an internal combustion engine - MUST now completely depend on a semiconductor board? That the cars we grew up on, rode with our families, first learned to drive, first learned to fix and adjust - it needs a chip or it's just a pile of metal? How did it get that way?

Look into the Right-to-repair laws and you’ll understand why silicon and semiconductors were a necessary transition. My current car doesn’t even have the lug nut torque spec in the owners manual that comes in the glove box. You have to buy the shop manual (for $150) to get that data. Of course, available on the internet but manufacturers don’t want anything but factory trained technicians touching anything on modern cars. It’s all about protecting an income stream.

 

[Gilligan]

Does it ever strike anyone as very strange - that a generally simple machine run by an internal combustion engine - MUST now completely depend on a semiconductor board? That the cars we grew up on, rode with our families, first learned to drive, first learned to fix and adjust - it needs a chip or it's just a pile of metal? How did it get that way?

All the electronic control elements are, very simply, how today's engines achieve the incredible power numbers (compared to 1970s/80s junk) that they do while at the same time achieving much higher MPG and much lower emissions.