What the Global Chip Shortage Means for Car Buyers

You may have heard some fuss about the worldwide shortage of semiconductor chips. While it’s not something most of us think about every day, semiconductor chips are the basis of systems for everything from computers to game consoles, to even your vehicle.

With the pandemic slowing and in some cases, halting the production of these chips, the supply chain automotive manufacturers heavily rely on has been impacted. This decrease in supply and a rising demand for vehicles is causing some inventory shortages throughout the market.

What does this mean for car buyers?

If you’re currently in the market for a new vehicle, you may notice fewer vehicles available on the lot. While the model you’re looking for may be limited in availability, we’re committed to helping you in your search. As part of MileOne Autogroup, we have access to a wide network of vehicles across the mid-atlantic region that are available to you. If we’re unable to locate the vehicle you’re looking for, we'll be happy to help you build your own vehicle to your exact specifications and have it ordered directly from the manufacturer.

This chip shortage also presents a great opportunity if you’re looking to trade-in or sell your vehicle outright. With the demand for pre-owned inventory rising, your current vehicle’s value may have risen as well. Take advantage of our online trade-in tool today to learn more about maximizing your investment.

Despite the chip shortage, we’re committed to helping you find your perfect vehicle. Contact us today to learn more about ways we can help!