Automotive

Microchip Shortage Means You Might Have to Pay More for Your Next Brand-New Car | MotorBiscuit

If you’ve tried to buy a brand-new car recently, chances are you’ve encountered the negative effects of a current worldwide microchip shortage. Low inventory and high prices for cars and SUVs are just the tip of the iceberg for a recovering auto market that’s still dealing with the effects of the global pandemic.

As USA Today points out, the effects of this recent shortage are worsening by the day, with assembly lines shutting down across the globe. Due to the small amount of brand-new vehicles available for sale, experts believe prices will continue to rise. You aren’t even safe by sticking to the used market.

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