SANTA BARBARA, Calif. - If you were planning to buy a new car before the end of the year, your dream vehicle may be built and nearly ready, but the electronic chip to make it work is delayed.
There's been a backlog for several reasons and buyers are on the sidelines waiting for many dealers to get their vehicles road-ready.
It's linked to the global semiconductor shortage, the backed-up number of cargo ships off Southern California and issues with the trucking industry.
Some industry analysts are predicting a shortfall of eight million vehicles by the end of the year.
Car dealers have a leaner selection on the lots and test drives might be just leading to a pre-order when the right car, with the right features, is ready.
Advice from dealers is to place your order now and expect to wait at least six months.
Some car buyers are purchasing what is available instead of what they were looking for. Some are ordering and waiting. Some are just fixing up their current car and driving it more miles.
Many car dealers on the Central Coast have reported a significant drop in inventory. Their lots are clearly offering fewer vehicles than what would normally be out front or in the display rooms.
Pricing is also challenging along with the buyers now too due to the supply and demand equation changing.
For used car owners trying to sell, analysts say this is a time to get a few more dollars than you originally asked for your wheels.
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October 22, 2021 at 06:37AM
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Shortage of car electronic chips requires shift in plans for car sellers, buyers | NewsChannel 3-12 - KEYT
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