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3 min read
6 Takeaways from Latest Chip Shortage Consumer Impact Study
04/05/2022
Consumers are pessimistic about today’s automotive market that has been hobbled by inventory shortages due to the global computer chip shortage that has, in turn, led to high vehicle prices, according to the most recent survey by Cox Automotive. Cox Automotive has been tracking consumer behavior and attitudes regarding the chip shortage and its consequences since it began in the summer of 2021. The latest survey,…
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computer chip shortage
chip shortage
Market Insights
Data Point
4 min read
How Chip Shortages Changed the New Car Buying Journey
01/27/2022
For 12 years, the annual Car Buyer Journey Study, conducted by Cox Automotive, has analyzed new and used car buyer survey data to track trends in car shopping behavior over time. In 2021, we found that inventory disruptions have impacted many facets of the new car buying journey. Here’s what our latest study shows. The chip shortage affected the new car buying process, but shopper satisfaction remains high. …
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Car Buyer Journey
computer chip shortage
chip shortage
Market Insights
Commentary & Voices
3 min read
Kelley Blue Book Reports Vehicle Shoppers Exiting Market as Inventory Shortages Continue to Plague Auto Industry
09/22/2021
August was the fourth straight month of slowing new-vehicle sales. The global chip shortage is the main culprit as the resulting dearth of inventory pushes prices to record highs. A second round of consumer research conducted by Kelley Blue Book finds that nearly half of car shoppers are exiting the market and delaying their purchase for the next several months due to the chip shortage. The…
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new-vehicle inventory
computer chip shortage
Market Insights
Data Point
3 min read
Eyes Wide Open: New Study Shows Car Shoppers Expect Higher Prices, Low Inventory
05/07/2021
You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss: New Ford F-150 pickup trucks – the best-selling vehicle in America – are packed into previously vacant parking lots, built but not complete for the lack…
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new-vehicle inventory
computer chip shortage
Market Insights
Data Point
6 min read
Pickup Trucks Take Hit from Parts Shortages
03/24/2021
Tight new-vehicle inventory has been an issue for the industry for nearly a year now, as inventory levels have not fully recovered from production losses in Q2 2020 caused by the pandemic. More recently, in North America, about 30 models are battling production cuts caused by an ongoing global shortage of computer chips. The industry has been dealing with the chip shortage through the first quarter of…
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computer chip shortage
Market Insights
Data Point
4 min read
Chip Shortage Still No Major Disruptor of Inventory
03/04/2021
Vehicle models affected by the global shortage of computer chips that forced automakers to trim production continue to have a healthy supply, with some exceptions, according to a Cox Automotive analysis of vAuto Available Inventory data. In the U.S., about 30 models are affected by the chip shortage based on AutoForecast Solutions’ analysis of plants that have experienced production cuts due to the shortage. It seems likely…
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new-vehicle inventory
days' supply
computer chip shortage
Market Insights
Data Point
3 min read
Most Dealers and Consumers Unaffected by Chip Shortage, So Far
02/09/2021
Dealers and consumers in the U.S. should not see shortages of most models affected by the shortage of computer chips as there is ample vehicle inventory, according to a Cox Automotive analysis of vAuto Available Inventory data. The global shortage of computer chips for vehicles has caused automakers around the world to trim production. Nearly every major automaker in all regions has been hit, including automakers…
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new-vehicle inventory
days' supply
computer chip shortage
Market Insights
Data Point