Barely if he's just finding out about the chip shortage.The fed is alive!!
Supply and demand. Supply of cars is low but demand is high. That means higher prices until either the demand falls or the supply increases.I'd be curious to know the correlation of this and the used car price increase. Yesterday I saw a dealer trying to sell a 2003 Chevrolet S-10 extended cab for $14k. Granted it only had 73k on it, but still. That's about what my 2015 GTI with 52k is worth haha. KBB had the truck averaging $5k to $8k max.
My wife found a mk6 with 60k miles for 2k more than I paid for her’s when I bought it new. That should give an idea of how it is impacting used prices.Supply and demand. Supply of cars is low but demand is high. That means higher prices until either the demand falls or the supply increases.