How to Buy a Car During the Chip Shortage

If you’ve found yourself in need of a vehicle since the pandemic started, you likely know that we’re in one of the worst times to buy, due in part to the chip shortage that’s taken the automotive industry out at the knees. As we’ve been emerging from the dark depths of the pandemic, pent-up demand for vehicles is driving customers to buy in greater numbers than ever before. Reeling from that perfect storm of parts shortages and unprecedented demand, the automotive market could stay upside down well into 2022.

Having said that, there’s plenty to look out for that will help you find a great set of wheels at a relatively reasonable price. As long as you approach your purchase with an open mind, willing to compromise, you’ll find that things aren’t as bad as they may seem.

As the Popular Mechanics Autos Editor, I keep my finger on the

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Volvo Cars sees chip shortage extending into 2022, Q3 profit dips By Reuters

© Reuters. FILE PHOTO: People look at a Volvo XC40 car during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS/Thomas Peter/File Photo

By Helena Soderpalm

STOCKHOLM (Reuters) – Volvo Cars warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit.

The Gothenburg-based carmaker said supply chains were still constrained but while production remained lower than demand, it had “improved month by month” since September.

“The supply situation has improved going into the fourth quarter, but we expect the industry-wide shortage of semi-conductors to remain a restraining factor,” Chief Executive Hakan Samuelsson said in a statement.

Volvo’s initial public offering (IPO) on Oct. 29 was the biggest in Europe so far this year, a sign of strength for the

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Chipless GM Trucks Have Been Stashed at a Former Chip Plant for Months

The global semiconductor shortage is wreaking havoc on the automotive industry. You probably knew that already and like everyone, you’re probably a little sick of hearing about it. After all, it’s been going on for more than a year without any true resolution on the horizon but here we are, still having to discuss because the trucks still can’t be completed. Pouring salt in the wound, fleets of mostly assembled, chipless General Motors pickups have been stored at a former GM semiconductor plant for months.

© Provided by The Drive

GM’s chief chip struggle wranglers found a temporary storage solution for all the trucks they couldn’t finish or deliver, and thousands still sit in the parking lots of the since-repurposed facility in Kokomo, Indiana. The Kokomo Tribune first reported on the news in late August and when The Drive reached out for comment on Friday, a GM spokesperson confirmed the

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NXP Gives Bullish Outlook on Effort to Boost Chip Supply

(Bloomberg) — NXP Semiconductors NV, a major chip supplier to the automotive industry, gave a bullish revenue forecast for the current period.

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The Dutch company said fourth-quarter revenue will be $2.93 billion (2.5 billion euros) to $3.08 billion as global chip shortages continue to drive sales. That compares with the $2.91 billion average estimate from analysts surveyed by Bloomberg.

“We continue to take additional actions to assure supply to our customers, which underpins our continued confidence in robust growth in the remainder of 2021 and through 2022,” Chief Executive Officer Kurt Sievers said Monday in a statement.

Key Insights

  • NXP reported third-quarter revenue of $2.9 billion, up 26% from a year earlier.

  • Sievers said in April that supply would likely remain tight for the remainder of 2021 with a constraint in auto chips lasting until 2022.

  • The gap between putting in a semiconductor order and taking

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