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If you’ve been in the market for a new or used car lately, you may have read articles about the chip shortage the automotive industry currently faces. So, why is there a chip shortage and why does it matter? Take a closer look to see how this tiny component can have such a big impact on the globe!
So, just what is the chip shortage? The chip shortage is caused by a lack of semiconductor “chips”. These components act as the brains of your electronics, ranging from electric toothbrushes to laptops to cars. Because these chips hold billions of microscopic transistors, they are tough to manufacture. They require expert assembly by hand, and there are limited facilities that are capable of making them. Due to the COVID-19 pandemic, chip manufacturing slowed and demand grew. This led to a huge backlog from overseas to Anderson.
Why are we feeling the impact of the chip shortage in Fishers? The chip shortage hit automotive manufacturing hard. That’s because of a few different reasons:
As of now, experts aren’t sure when the chip shortage of automotive products will end. Some predict that the industry will adjust in as little as six months, while others believe it could take two or three years to get back to normal.
Though the chip shortage has hit the automotive industry, that doesn’t mean that you can’t find a great deal on the car that you want. Contact us at Victory Honda of Muncie for more information about our current inventory, and we’d be happy to help you find the car of your choice at a price that won’t break the bank! Visit our showroom in Muncie, a short drive from Carmel, to take a test drive today. You can even shop from home!
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