TERRE HAUTE, Ind. (WTHI)- The COVID-19 pandemic has brought on a worldwide scarcity of microchips which has enormously damage native automobile dealerships.
New vehicles require over 1,000 microchips to operate correctly. With out this key part, vehicles are unable to function. Ongoing delivery delays have additionally resulted within the low provide of vehicles.
This scarcity has affected many native dealerships, particularly Fuson automotive. The Vice President, David Fuson, says his lot has by no means seemed so empty.
“Usually we inventory round between 80 to 90 new vehicles and we’re down to five,” says Fuson.
He attributes the low inventory to delivery points. He says his enterprise has bought over 60 vehicles, however none of them have been delivered.
“These semi-conductors come into the West coast ports that are simply slowed down. They can not get the product by means of they can not get merchandise by means of. whether or not it is semi-conductors auto components all the things” says Fuson.
Gross sales advisor, Garrett Brown, says prospects perceive the delay however have gotten impatient.
“The shoppers are very antsy. I imply it is positively a patrons market. Everyone seems to be inquisitive about buying and selling of their autos and getting new ones” says Brown.
Fuson encourages shoppers seeking to buy new vehicles to start the method sooner fairly than later. He additionally recommends buying and selling in previous vehicles as a result of the worth you’ll get in return is a file excessive.