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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16707263" data-attributes="member: 131770"><p>Sorry bro, but [USER=138337]@13COBRA[/USER] is correct that pricing will never return to what it was.</p><p></p><p>Despite messaging from OEMs that the chip shortage is starting to ease and it will be resolved by 2023, that will not be the case. The Original Equipment Suppliers Association recently had a conference and On Semiconductor, a major supplier, made it clear that the chip shortage is NOT going away in 2022 or 2023. The reason being is that BEVs use a lot of chips and connected & autonomous vehicles use significantly more. Although chip makers are increasing capacity, it will not satisfy the demand for chips for automotive. With many new BEV and connected vehicles coming out in the next couple of years, all that additional capacity will be wiped away. As such, tight inventory will remain in place and car prices will continue to rise.</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16707263, member: 131770"] Sorry bro, but [USER=138337]@13COBRA[/USER] is correct that pricing will never return to what it was. Despite messaging from OEMs that the chip shortage is starting to ease and it will be resolved by 2023, that will not be the case. The Original Equipment Suppliers Association recently had a conference and On Semiconductor, a major supplier, made it clear that the chip shortage is NOT going away in 2022 or 2023. The reason being is that BEVs use a lot of chips and connected & autonomous vehicles use significantly more. Although chip makers are increasing capacity, it will not satisfy the demand for chips for automotive. With many new BEV and connected vehicles coming out in the next couple of years, all that additional capacity will be wiped away. As such, tight inventory will remain in place and car prices will continue to rise. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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