Global chip shortage delays new car production as used car prices soar
Computer chip shortage impacting car sales
A computer chip shortage is slowing down the production of new cars and sending the prices of used cars soaring.
TAMPA, Fla. - If you re in the market for a used car, you ve probably noticed the soaring prices, and if you happen to be selling, you know market conditions are strongly in your favor.
Market research company JD Power reported earlier this month that used car prices have hit at an all-time high, with the average price now topping $25,000. As demand surges, auto insiders say the phenomenon is a matter of Economics 101.
Car Radio, Podcast 51, Pts 1/2: O Ward on Detroit GP, Zielinski/Morrison Jeeps at Holly ORV, Tiguan
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Car Radio, Podcast 43, Pts 1/2: Vivian on Cadillac EVs, Cole Smith on EV racing/NASCAR, Priddle/Envision, Moye/Beep, Dolphin/Prefix
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00 min: Payne intro
05-20 min: Call-in with Anton Wahlman, investor and auto analyst, Seeking Alpha. Talking GM’s move to EVs by 2035.
20: Ad break
20-40: Call-in with Robin Warner, auto writer. Talking Acura MDX.
40-55: Call-in with Steven Cole Smith, auto writer with Autoweek and The Drive. Talking Rolex 24 Hours of Daytona.
55-1.00: Ad break
1.00 hr: Payne intro
1.04-1.20: Call-in with Matt DeLorenzo, Senior Managing Editor for Kelley Blue Book. ALSO WITH Tom McDonald joining at 1.10 PM
1.20-1.40: Call-in with Tom McDonald, M1 Concourse. Talking with Matt, then talking M1 Concourse at center of 2021 auto shows.
1.40-1.55: Best of Car Radio: Jeep/Ram CEO Tim Kuniskis intros Jeep Gladiator at 2018 LA Auto Show.