US media: The shortage of chips made in China has contributed to the soaring price of US cars

According to the Russian Satellite News Agency quoted Fox News on the 6th, the seller said that due to the insufficient supply of semiconductor chips made in China, the price of cars in the US market may continue to remain high in the next two years, which makes it difficult for dealers to maintain their inventory of used cars and new cars.

Russian Satellite News Agency reported with image

Quoted by the Florida auto dealership, the media reported that sellers "had to raise the price of their cars because we had to pay more for cars", which led to an overall increase in prices in the car sales market due to restrictions on the supply of new cars.

According to the latest Consumer Price Index (CPI), the price level of used cars and trucks in the United States increased by 31.4% from the previous year, while the price of new cars increased by 11.1%. Auto dealers predict that U.S. auto sales prices will remain high over the next one to two years.

Alexis Alvarez, a car sales consultant, said, "Customers now come to the store to see less inventory of cars for sale and have to pay more." For example, if you buy a car from 2010 now, you might spend an extra four or five thousand dollars. ”

Car dealers told the outlet that a shortage of Chinese-made semiconductor chips was partly responsible for the rise in car prices.

Alvarez said, "The new cars use chips made in China, but they have not been made." As a result, all the new cars did not arrive, causing the price of the old cars to rise. ”

Another salesperson said, "Behind this is the inability to get a new car due to chip problems." We usually have 125 new cars for sale. Now we only have about 50 units, which is more than most car dealers are selling during this particular period. ”

It was previously reported that in November last year, the average transaction price (ATP) of a new car in the United States reached an all-time high of $46,320, the eighth consecutive month of record highs.

Last year, the U.S. faced inflation unprecedented in decades, with the CPI soaring 6.8 percent year-on-year, according to the latest index compiled in December. The White House blamed the price increase on supply chain bottlenecks and other economic disruptions related to the COVID-19 pandemic, while Republican politicians pointed the finger at Biden's huge spending plans.

The Russian Satellite News Agency pointed out that in the first two quarters of last year, 63% of the global semiconductor market was occupied by chips from Taiwan, and the main source of chip supply in Chinese mainland and the United States was Taiwan. (Editor: SDY)