Experts now predict that microchip supply issues will likely continue into 2024, which is no surprise here. When the microchip industry forecasted that microchip availability would be normalized by the end of 2022, we laughed. Impossible.
We now live in a world where up is down, and down is up. Dealerships have overcome some crazy obstacles over the past two years - Covid restrictions, low consumer confidence, chip shortages, inventory shortages, staffing shortages, and so much more.
So here we are…2021. We finally made it out of 2020! Does that mean the auto biz will get better? Well for the auto industry, business has been on an upswing for months.