How to Survive the Auto Inventory Apocalypse
We know COVID-19 was the catalyst for the snowball that hit auto and chip manufacturers� in the face over the last two years. The result led to a global semiconductor shortage and a reduction of vehicles produced by major auto manufacturers.
Even Volkswagen predicted there will not be an improvement this year in the chip shortage situation. And in China, where most of the semiconductors are produced, their Ministry of Industry and Information Technology expects the supply issues to continue for a long period of time.
Today, the average age of a vehicle on the road is 11.8 years.
Between new and used car prices soaring at a re...
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