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

January 6, 2022
Source: iknowallnews.com iknowallnews.com
News Snapshot:
WATCH NOW: Car prices remain high as Chinese-made semiconductor shortage keeps inventories low 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...
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Tags: auto | car | China | Chinese | chips | consumer | digital | employee | Florida | index | inventory | IT | made in China | news | sales | semiconductor | Toyota | Volvo | watch

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