You've probably heard about the semiconductor shortage or chip shortage that's been throwing the automotive industry through a serious loop. What exactly caused this shortage? For the most part, the chip shortage was caused by an unexpected surge in demand for the chip due to COVID-19. More people were wanting electronics like laptops and tablets, and chip suppliers weren't able to keep up with the demand. As a result, there is now a shortage of these semiconductor chips. But what does this mean for you as a shopper? Find out how the global chip shortage impacts you and when you can expect things to level out with Goodson Acura.

What Are Microchips Used For in Cars?

The chips that are halting the release of new vehicles are used to conduct signals from different mechanical and technology applications in the cars. So, these chips are especially important for new cars since new models are always updating technology suites and capabilities. The semiconductor shortage is impacting many different industries outside the automotive world. That's because the chips in demand are used for more than just cars. Technology like laptops, tablets, smartphones, and other similar devices require these chips. What can you expect as a Dallas, TX driver from this chip shortage? Find out more with Goodson Acura.

Consumer Impact of the Semiconductor Shortage

The biggest impact on consumers from the chip shortage is that consumers may be unable to get the newest models of vehicles for a while. Because new models have been unable to be released, dealerships have had a limited inventory trying to sell the newest models they have, relying mostly on used vehicle sales. Because of the surge in demand and the lack of supply, the prices of used vehicles have increased.   However, now is a great time to sell your vehicle to a dealership since they need vehicles for their inventory. Dealerships, including Goodson Acura of Dallas, TX, will pay top-dollar cash offers for used vehicles in good condition, so sell your vehicle now while prices are up.

 

When Will Things Get Back to "Normal"?

It's hard to tell, but some sources say that vehicle production won't get back to normal until sometime around October. It's essentially a waiting game at this point, but we'll all just have to be patient. It's estimated that we should expect things to level out at least before the end of 2021. In the meantime, you can check out our inventory of new and used vehicles at Goodson Acura to see which of our models would be a great fit for your Dallas, TX commute. Rely on Goodson Acura for fair prices and an expansive inventory even during these hectic times. While everything levels out, Goodson Acura will be standing by your side to help you make the most of your car-shopping experience.

 

Contact Goodson Acura in Dallas, TX

 
Whether you're looking high and low for a new vehicle or you have a few questions about selling your car in Dallas, TX, Goodson Acura is here to help. Contact our dealership today to get the answer or Acura you need to enjoy the open road!