C8 Corvette Production Grinds To A Halt

This wasn’t a planned stoppage…

In case you aren’t aware, there has been a shortage of semiconductor chips for the automotive industry since at least late last year. This has caused automakers to completely shut down production lines at factories in the United States and elsewhere, as well as decrease the volume of certain models they assemble. Some automakers are even taking out features which use chips, replacing them with analog replacements to conserve their supply. This has also had an impact on car parts, making acquiring some components next to impossible. Predictably, we’re seeing a rise in cost for new vehicles and replacement parts, putting anyone who has a need for either in a financial bind.

According to The Detroit News, 3.9 million vehicles won’t be manufactured in 2021 because of the chip shortage. The auto industry stands to lose $110 billion as well. Even more concerning, just about every time we have seen a new estimate of when the shortages will be resolved, it’s pushed back further.

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