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Supply and demand. Supply of new cars is constrained due to chip shortage, this increases the price, leading to inflation.
by iso1631 4y ago
Supply and demand. Supply of new cars is constrained due to chip shortage, this increases the price, leading to inflation.
- acdha 4y agoEspecially because the chip shortage means the car companies are favoring making more of their highest margin vehicles - you can buy a $60k vanity truck easily because they get way more markup on those compared to their economical choices.