The ordinary new vehicle weighs 4,000 lbs and is mainly composed of significant metallic. Yet it’s a shortage of little silicon chips weighing significantly less than an ounce which is manufactured it difficult for automakers to develop adequate of them.
Revenue at auto sellers fell in July for the 3rd month in a row, the type of thing that commonly occurs in deep recessions. Even during the worst of the pandemic previous yr, gross sales only declined for two months just before recovering.
Read: Retail profits slump 1.1% due to lack of autos and Amazon Primary hangover
Falling profits is