Jumper_Dad Posted April 13, 2021 Posted April 13, 2021 Anyone else noticing car lots are way down on inventory right now? Part of the issue with new vehicles is a worldwide Computer Chip Shortage. With new inventories being low, used vehicles are bringing premium prices right now...and blowing off the lots. We have been passively shopping for a new/used SUV since my wife was in a wreck a few months ago. Several times we've seen a car on a lot one night and it would be gone by the next afternoon. Local GM lot usually has 100+ new trucks at all times, they had less than 20. The local Ford dealership only has 2, TWO! F150's on the lot...that's crazy. I'm glad we aren't in a hurry and can take our time, this is the worst time that I've ever seen to buy a car. 1
Beechwoodfan Posted April 13, 2021 Posted April 13, 2021 I saw that on the news this morning. Guess it will be a sellers market for awhile.
theguru Posted April 13, 2021 Posted April 13, 2021 15 minutes ago, Jumper_Dad said: Anyone else noticing car lots are way down on inventory right now? Part of the issue with new vehicles is a worldwide Computer Chip Shortage. With new inventories being low, used vehicles are bringing premium prices right now...and blowing off the lots. We have been passively shopping for a new/used SUV since my wife was in a wreck a few months ago. Several times we've seen a car on a lot one night and it would be gone by the next afternoon. Local GM lot usually has 100+ new trucks at all times, they had less than 20. The local Ford dealership only has 2, TWO! F150's on the lot...that's crazy. I'm glad we aren't in a hurry and can take our time, this is the worst time that I've ever seen to buy a car. It is hard for me to believe the car manufactures didn't plan for this. I have heard the news reports on it too but I am still blown away they were that ill prepared.
rjs4470 Posted April 13, 2021 Posted April 13, 2021 Didn't know this was happening. We just bought two cars back in February....a used car for my son, and a new car for my wife. At that time, lots seemed to be business as usual.
TheDeuce Posted April 13, 2021 Posted April 13, 2021 Haven't noticed any differences here in Louisville, but I also haven't really been looking either. Glad I bought mine last year though.
Jumper_Dad Posted April 14, 2021 Author Posted April 14, 2021 Evidently the Chip problem started when Covid shut down operations for a while last year. Then a major manufacturer had a factory burn down.
Jumper_Dad Posted April 14, 2021 Author Posted April 14, 2021 11 hours ago, rjs4470 said: Didn't know this was happening. We just bought two cars back in February....a used car for my son, and a new car for my wife. At that time, lots seemed to be business as usual. It's much worse now than it was just two or three months ago. Stimulus checks have driven some of the shortage as well. I was told, you'll be surprised how many couples have came in with exactly $2,800 down payment.
Jumper_Dad Posted April 14, 2021 Author Posted April 14, 2021 @theguru, I know you are more of a car guy than truck guy...but I saw this on a lot in Middlesboro and thought it would be perfect for you.
theguru Posted April 15, 2021 Posted April 15, 2021 On 4/13/2021 at 11:37 PM, Jumper_Dad said: @theguru, I know you are more of a car guy than truck guy...but I saw this on a lot in Middlesboro and thought it would be perfect for you. Love it and I had a Ram 1500 a while back but that thing would be more than my mortgage, I will pass!
Jumper_Dad Posted April 15, 2021 Author Posted April 15, 2021 4 hours ago, theguru said: Love it and I had a Ram 1500 a while back but that thing would be more than my mortgage, I will pass! They also had a black one that was "just" $98k. 1
mcpapa Posted April 25, 2021 Posted April 25, 2021 We’ve been semi-actively looking for about a month now. Every dealership has told us the same thing. Vehicles waiting on computer chips en masse. 1
mcpapa Posted April 25, 2021 Posted April 25, 2021 In the meantime, the muffler fell off of our car yesterday. Probably need to be stepping up. 1
TilghmanPride Posted April 26, 2021 Posted April 26, 2021 Same thing for the most part here in Paducah. Much less inventory than normal everywhere except the Honda dealer. They sell tons of cars and replenish quickly. We bought my wife a new vehicle last month and we now own our first Honda. We were open to just about any make of vehicle, the selection there really was the difference in our decision. We did call around 10 states in total and it was basically the same deal everywhere we called. 1
nees1212 Posted May 4, 2021 Posted May 4, 2021 Looks like someone has found the new F150's in KY. Kentucky Speedway is full of brand new F150's that are just waiting on chips. https://www.wcpo.com/money/consumer/dont-waste-your-money/thousands-of-new-ford-pickups-parked-cant-be-sold
BEChargers Posted May 18, 2021 Posted May 18, 2021 These chips are incredible complex to make and a chip factory costs a fortune and quite a while to get building. Covid caused an already over burdened flow of chips to be suddenly out of capacity. It might take a year to 18 months to catch up. It's a big problem.
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