The common new motor vehicle weighs 4,000 lbs and is mainly composed of heavy steel. However it is a scarcity of tiny silicon chips weighing a lot less than an ounce that’s made it tough for automakers to produce more than enough of them.
Product sales at vehicle dealers fell in July for the third month in a row, the type of factor that ordinarily happens in deep recessions. Even all through the worst of the pandemic last 12 months, revenue only declined for two months prior to recovering.
Read through: Retail profits slump 1.1% owing to scarcity of automobiles