The car shortage is relative to demand. Demand isn’t just from new drivers, it’s from people using the extremely low-interest loans available combined with an i

The car shortage is relative to demand. Demand isn’t just from new drivers, it’s from people using the extremely low-interest loans available combined with an influx of stimulus money across the economy (filtered down to some consumers) to upgrade to new cars. The chip shortage, among other shortages, is also constraining supply of new cars. It wouldn’t necessarily increase the number of people walking or fewer cars on the road. The net effect is a shift to newer and more expensive cars among drivers.