Toyota’s Car Chip Shortage: What It Means For Automakers
Source: Pixabay
It’s hard to escape the news that many automakers are impacted by supply issues for semiconductors, essential components in modern vehicles. The car chip shortage for Toyota, General Motors, Ford, and other companies has had lasting effects on the car business. Limited chip supplies mean:
Reduced or stopped production for specific makes and models Selling vehicles without certain features (like heated seats) Building incomplete vehicles that can’t be sold until crucial chips become available Higher new car prices due to limited availability Higher used car prices because new car shoppers can’t find what they want What Are Microchips (Semiconductors)?