Car-lot inventories dwindle as chip crisis goes on
Car-lot inventories dwindle as chip crisis goes on KTVU's Jesse Gary reports. FREMONT, Calif. - The exhilaration of buying a new vehicle has been replaced by another emotion— frustration over dwindling inventory. "My lot used to be double packed. Now, my whole lot is empty," said Mark Hashimi, general manager of Fremont Toyota. "I was selling 600, 700 cars. Now I’m down to 250, 260 cars." Hashimi said he’s lost hair over the industry-wide shortage of inventory. Analysts said it all hinges on semi-conductor computer chips that run most vehicle systems. "The pandemic furloughed many of th...
Source: ktvu.com