Ongoing chip shortage shakes up car buying with fewer choices, higher prices and big profits for some dealers

Published by
Chicago Tribune

The semiconductor shortage has disrupted the auto industry throughout 2021, halting production, reducing inventory and raising prices, a formula that has left some frustrated buyers searching for any tires to kick. For some Chicago-area dealers, the scarcity of new cars has made for a surprisingly good year, as demand outstrips supply, and profits soar. “The nice thing is that we’re selling cars before they hit ground,” said Greg Mauro, 61, owner of Gregory Auto Group, which has three dealerships in the northern suburbs of Chicago, including Hyundai, Mitsubishi and Infiniti. “We’ve had people …

Read More