SHOPSMART AUTOS – CUSTOMER INFORMATION – NOVEMBER 4, 2021 – PT.1
Having Trouble Finding A New Ride? What’s Behind the Car Shortage Thecar shortage
is a frustrating one. With more Americans than ever eschewing public transportation and moving away from cities to suburbs, more people are driving, but it’s hard for them to find or afford a vehicle. Cars are expensive due to supply and demand rules, and supply has never been lower. The Washington Post reports that the automotive industry may produce a whopping 1 million fewer cars than usual this year, largely due to the same supply chain issues and chip shortages that caused toy shortages around the world and grocery shortages around the country. Even used cars are much more expensive and scarce than ever before: Dealers are reportedly paying 27% more for pre-owned vehicles than they did just one year ago, according to The New York Times—and that expense, of course, gets passed on to consumers as well. The supply for used cars in relation to their demand is impacted by not just the chip shortage leading most drivers to hang on to their vehicles longer, but also due to climate change: Severe flooding in summer 2021 damaged many vehicles, once more creating a spike in demand for customers unlucky enough to have water-logged vehicles. Find out
what cars are hard to find and buy right now
and when we may be able to expect the
car shortage to end
.
Which cars are having a shortage and hard buy right now?
Jake Fisher of Consumer Reports Auto Test Center explained, “The car shortage isn’t affecting every model the same way, so consumers can take advantage of the forgotten corners of the auto market. Now more than ever, it really pays to do a lot of research before you commit to anything.”
Acura and Honda
Honda
and
Acura
models are hard to come by due to supply chain problems and the chip shortage. Executive vice president of operations at American Hondo Co., Dave Gardner, said in a statement to Biz Journals, “We appreciate the patience of our customers as our associates, our suppliers and our dealers continue working to supply Honda and Acura products to meet their needs.”
Related:
What You Need To Know About The Christmas Tree Shortage—And 14 Artificial Christmas Trees You Can Buy Now
Audi
Audi
is reportedly facing shortages of its popular Q7 and Q8 models. CEO Markus Duesmann told Reuters that the chip shortage combined with supply chain issues and the pandemic essentially combined to create “a perfect storm,” explaining “We had a very strong first half in 2021. We do expect a much weaker second half. We really have trouble.”
BMW and Mini
BMW
faced production pauses, leading to some shortages of the hybrid X1 and X2 models.
Mini
Coopers were also impacted.
Buick
Buick
Enclave models will reportedly be in short supply, in part because of General Motors plant shutdowns.
Cadillac
Certain
Cadillac
plants have had extended shutdowns due to supply chain issues, leading to shortages of XT4, XT5, and XT6 models.
Chevrolet
There will be shortages of
Chevrolet
Camaro, Equinox, Blazer, Malibu, and Traverse models due to production changes at GM plants.
Dodge
Supply chain problems, layoffs, and production disruptions may lead to a shortage of
Dodge
Durango models, per Automotive News.
Ford
Pauses in production at certain
Ford
plants will reportedly lead models including the Bronco Sport, Explorer, F-150, and Mustang to be in high demand, but low supply. Ford reportedly will produce 1 million fewer vehicles this year than their average output.
GMC
The
GMC
Acadia will reportedly be in short supply due to production plant breaks.
Hyundai
Various
Hyundai
models are facing shortages thanks to the semiconductor chip shortage, according to Reuters.
Jaguar, Land Rover, and Range Rover
Due to the global chip shortage, U.K. automobiles are also affected:
Jaguar
temporarily suspended production of its F, XE, and XF models, as well as
Land Rover
Discovery Sport and
Range Rover
Evoque models, leading to limited supplies of each.
Jeep
Specific factory layoffs led to shortages of
Jeep
Grand Cherokee models.
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