Due to this global semiconductor chip shortage, new vehicles are becoming very expensive. In the month of April, 13 percent of the customers in the US who bought new vehicles were priced higher than the sticker price.
Global Chip Shortage
Can you drive a car that has only 4 cars? Obviously, this will not be possible for anyone. Do you know that all the new features you see in today’s high-tech vehicles work with the help of a very small chip. That is, if your car does not have this semiconductor chip, then your car will not run properly nor will electronic items such as laptops, phones and TVs keep working in your house. At present, there is a shortage of this semiconductor chip in the world, due to which its effect is being seen everywhere.
Due to this global semiconductor chip shortage, new vehicles are becoming very expensive. In the month of April, 13 percent of the customers in the US who bought new vehicles were priced higher than the sticker price. This happened because chip shortage is increasing day by day. Due to this, the automakers have stopped their production line for some time. Because with the help of this chip, many new features were given in the vehicles.
Worse, it is happening for any car company that the demand of trains and trucks among customers is increasing very much, due to which people have started buying old vehicles. General Motors has said that, last year, where the price of a full-size truck was low, then it has increased by 10 percent and now the price of the SUV has increased by 20 percent. Ford and Volkswagen say that in the coming times, even worse conditions are going to happen. In such a situation, production of companies is halved.
Why is chip shortage happening?
Let us know that due to Corona epidemic in the whole world, every factory and business has been locked. In such a situation, where the car companies have stopped making cars, on the other hand, due to the shutdown of the semiconductor industry, now the production of the chip is not getting much. In such a situation, COVID has also affected the flights of the world. That means lack of production and then the hassle of sending the chips. Due to all these reasons, the entire electronic market today, the automobile market is struggling with a shortage of chips.
Due to chip shortage, companies are giving less features in the vehicle
Please tell that due to this chip shortage, companies have started reducing the features from their vehicles. Nissan has removed navigation systems from thousands of its vehicles. At the same time, standard intelligent rearview mirror has been removed from 1500 pickups. Whereas Renault has stopped giving the oversized digital screen that is behind the steering.
Let us know that the trend of electric cars in the world is moving very fast, but last year and this year, where the corona epidemic affected the factory of the companies, this time the chip shortage has caused a lot of impact on the sales of vehicles .
Taiwan’s chairman of semiconductor manufacturing, Mark Liu, has said that these shortages are not going to end so soon. Because at the moment we are removing its solution. By June of this year, we will try to meet the shortage shortage at least, but by the beginning of the year 2022, the effect of this will be on the production of companies.
Let me tell you that till the year 2000, when the total cost of all automotive electronics in the vehicles was only 18 percent, then now as high-tech vehicles have started entering the market, now the total expenditure on them remains 40 percent. That is, these figures are proof of how important the chip is for today’s vehicles.
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