DID YOU KNOW:
...That given the current microchip shortage, which has caused the shuttling of 19 auto plants worldwide, leaving new car dealers feeling the crunch for inventory, (well, all expect Toyota who “somehow” continues to have enough microchips) it is expected that used car prices will spike again as they in 2020? A listener of our show on YouTube has explained that a plant fire in China, where the chips are manufactured, is behind the shortage. That might well be true, though the manufacturer is blaming COVID-19. We are grateful for the input and will look into that. Whatever the reason, it appears the reason here for automobile manufacturers is NEVER single source/any required component again. Because of the recent winter storm that hit and halted life in Texas, there is a seat foam shortage: yet again a single sourced product.
...That as I’ve stated before on this blog, “electric cars, trucks and SUV’s are coming — like or not" — and based on the reaction that got a lot of people don’t like it? I listened to an investor group this morning that only further convinced me that though at only a 3% market share today, they will be at 50% in the next five years. The logic, though not always fun to review, is blatant. Rapidly lowering battery cost, operation efficacies, not to mention the government mandate, is going to make owning at least EV in your fleet a requirement. For the record: we hated it at first too, but you don’t have to hit us over the head to see the facts: EV’s are coming and quickly.
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