No new vehicles will be rolling off the floor at Hyundai Motor Company in Alabama this week because of a temporary shutdown caused by a car chip shortage.
- Semiconductor chips are key components used in cars, for monitoring tire pressure, radios, climate control systems, and other electronics.
- During the height of the pandemic, demand for cars dropped off.
- Now that demand is racing back, manufacturers are struggling to beef up supply of the needed microchips.
- Have you bought a new car -- or shopped around for a new one recently? Did you notice a difference in inventory? Did salespeople have any idea how long the chip shortage could last?
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