New auto sales up in 2021, but long way before full recovery

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New auto sales up in 2021, but long way before full recovery
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Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer chips available for the industry. So supplies are short, prices are high, and many customers can’t get what they want.

The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer chips available for the industry to fully crank up its factories. So supplies are short, prices are high, and many customers can’t get what they want.

Among the hardest hit by the chip shortage was General Motors, which was unseated by Toyota last year as the nation’s top-selling automaker for the first time. Among other automakers reporting full-year sales numbers were Honda, with an 8.9% increase, and Hyundai, which saw an 18.6% jump. [Most read] Your biological age may be different from your real age. A new institute at Northwestern plans to explore the issue.“We’re seeing 2022 as being an improvement over 2021, but it’s not going to start January third or fourth,” he said, adding that the second half should be better than the first.

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