The key reason why the automotive industry has been disrupted has been the global chip shortage, which has led to rising prices and long waits for new cars to be produced. The chip shortage came from the pandemic with chipmakers slowing production at the start of the pandemic and then struggling to keep up with demand when there was a resurgence in summer 2020. While the production of the chips is improving, it is thought that this disruption will continue into 2023 and potentially longer.
Wait Times
