OLIGHT FLASH SALE DETAILS
\nIN THIS REPORT: How a global semiconductor shortage is smashing new car availability.
\nWhen your local car dealer tells you it\u2019ll be April (or even May) before he can supply that new car of your dreams \u2026 he\u2019s probably not lying. That\u2019s gotta be a first, for car dealers. (Using honesty.) Things are pretty grim on the showroom floor when they\u2019re forced to deploy the truth. For a car dealer, that\u2019s like fixing bayonets. So, here\u2019s the real reason why new cars are in such short supply right now. At least a dozen major carmakers have been forced to wind back production because they just can\u2019t get the right computer chips, which control virtually everything in a modern car, from the headlamps and the stability control, to the powertrain, steering and of course the infotainment and security systems. Global lockdowns have been a real plus for the sales of laptops, TVs and gaming consoles - unsurprisingly. I mean, we\u2019re all doing it from home these days, right? Demand for computer chips has therefore surged, and carmakers just don\u2019t wield much demand-based clout in this industrial niche. Only about 10 per cent of semiconductor manufacturing capacity globally is devoted to automotive components - so this really is a battle between the David of carmakers versus the Goliath of consumer electronics giants, with carmakers not exactly in a position to exercise all that much leverage.