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Car prices remain high as Chinese-made semiconductor shortage keeps inventories low | Fox Wilmington WSFX-TV

January 6, 2022
Source: foxwilmington.com foxwilmington.com
News Snapshot:
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...
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