Oh no, the automotive market could feel like 2020 again. Ford and other automakers have been preparing for a potential semiconductor chip shortage to prevent inventory shortages. The last thing we need is for used car prices to get even more expensive.
Back in 2020, inventory levels for new cars faced massive challenges. As a result, people had to buy used cars instead, driving up costs. The issues were caused by a semiconductor chip shortage brought on by the Covid-19 pandemic.
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