Even Motor City is running short of cars these days. The root problem is the same across the country — a global deficit of computer chips that has forced automakers to slash output, causing shortages of new and used vehicles.
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Also gone are the days when buyers could count on finding affordable wheels. The average U.S. list price for a new car has risen by 20 percent over the past two years, to $45,975, according to data provider Cox Automotive. The average for a used car has soared even more — by 40 percent, to $28,012.last month. A new car is increasingly “a luxury product for wealthy people,” said Charlie Chesbrough, senior economist at Cox Automotive.
Instead of dropping in to browse available vehicles, customers now place orders and wait, sometimes for several months, for their cars to arrive. Instead of working the showroom floor, sales staff now spend hours tracking their customers’ vehicles online, searching to see when they move out of production and become available for pickup.
The Detroit Pistons haven’t played at the Palace of Auburn Hills, a suburban arena, since 2017, and the building itself was demolished in 2020. But the parking lot on a recent Thursday was occupied by roughly 2,000 newly built GM trucks, which Chevy dealers said were missing chips. Security guards declined to comment.
Ford spokesman Said Deep did not address questions about those trucks but said that “the entire industry has been managing global commodity issues and chip challenges for more than two years.” “My dad said, ‘Never have a reason you can’t get to work. If one car doesn’t start, have another,’ ” said Elliott, who spends her free time meeting up with fellow car aficionados in the local Corvette Club.
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