Not only are used cars incredibly expensive these days, they're selling extraordinarily quickly, a recent study says.
Apple may make 10 million fewer of its newest iPhones than originally planned as the supply-chain disaster hits tech companies.
Goldman Sachs cut its US GDP forecast for 2021 and 2022 based on the ongoing impact of Covid-19 on spending and the semiconductor chip shortage.
Due to shortages, US automakers are raking in $3,000 more per car on average, and up to $10,000 more on pickups and SUVs, one analyst told Bloomberg.
Cars are absurdly expensive and hard to find these days, but there are ways to make finding your new ride a little easier.
Lots of traditional car-buying wisdom still holds true in today's absurd market. But shoppers need to adjust their expectations.
It'll be a while before you can get a new or used car on the cheap. Holding on to your current vehicle might be your best option.
The chip shortage means fewer cars are being made, and US dealer lots have only 20 days' supply of vehicles left, AlixPartners said.
Traton is swiping components from finished trucks that haven't sold and installing them in unfinished ones, showing the chip crisis is far from over.
'We remain firmly in the stronger-for-longer camp for semis," said chip sector analysts at Bank of America in a Friday research note.
Kenny Vieth, president of ACT Research, said that demand for trucks is strong, but that there is a shortage of parts, reported The Wall Street Journal.
General Motors is cutting production in plants across North America due to the semiconductor shortage.
The global automotive market industry has been plagued by a chip shortage and supply constraints for more than a year.
A report on Google's chip plans comes after the tech firm announced in August that it would put its own semiconductor "Tensor" chip in Pixel phones.
The chip shortage could last well into 2023. But unlike a conventional shortage, one expert thinks it will come in waves.
The price of used vehicles barely budged last month. Even so, they're still at record highs, inventories are tight, and things aren't improving.
Apple CEO Tim Cook said Tuesday that "supply constraints" of silicon will start affecting iPhone sales in the coming months.