Why is There a New Car Inventory Shortage?

If you’ve been shopping for a vehicle around Lakeland, you’ve likely noticed that your options are limited—that what is available is priced up. The new car inventory shortage is due to an automotive production crisis caused by an automotive chip shortage. Take a moment to learn more about this semiconductor chip shortage. Then, apply for financing and contact Stingray Chevrolet to learn about how we can help you find the car you actually want at a sensible price in Plant City! 

What is the Automotive Chip Shortage? 

The new car inventory shortage started early in the pandemic. Automakers anticipated car sales would slow down, so they looked for ways to scale production to prevent overspend. One such way was to reduce orders for semiconductor chips. 

Modern vehicles implement thousands of semiconductor chips. These chips transmit signals throughout the electrical systems of your vehicle. They’re a vital component used in everything from your infotainment system to your safety systems. When automotive manufacturers attempted to scale by decreasing orders, there was a massive increase in the demand for personal electronics. Semiconductor production was funneled toward the manufacture of laptops, video game consoles, phones, music equipment, and more. 

Automotive and chip production still haven’t managed to scale to the increased demand for vehicles. The industry is not expected to recover until 2023 at the earliest. Limited supply and increasingly high demand have resulted in poor selection and steep prices. Fortunately, Stingray Chevrolet has a solution. 

How Can Stingray Chevrolet Help You Find the Car You Want? 

At Stingray Chevrolet, we have a workaround for Valrico car shoppers who feel stymied by the car inventory shortage and automotive chip shortage. We take custom orders, so our reps can help you configure the vehicle you actually want and order it straight from the factory. This means you don’t have to worry about limited selection or prices that have been driven up by demand. It’s that easy! 

Custom Order Your Dream Car Near Brandon 

Now that you’ve read about the new car inventory shortage and automotive chip shortage, call Stingray Chevrolet at (813) 708-5339. Our associates can help you place a custom order through the factory and get the vehicle you’ve been looking for at factory recommended prices. And while you’re here, take a moment to explore our car buying tips for other helpful reads, like our overviews of what simple interest loans are and how to determine interest rates on car loans.