- Car dealerships are already reflecting the slowdown in manufacturing due to the global chip shortage.
- Shoppers may see higher prices and lower availability of certain car models.
- Car companies began halting production in January and expect to lose billions this year.
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A global shortage of computer chips has caused shutdowns at several automotive manufacturing plants — and car dealerships are already reflecting the shortage.
Car shoppers can expect to see an impact in the availability of certain car models due to the chip shortage, as well as a price increase, according to Cars.com executive editor Joe Wiesenfelder. Dealerships may also be less likely to offer deals as supplies dwindle.
“Consumers in the market of considering buying a car should shop now because choices and prices could worsen over the next two quarters,” Wiesenfelder told Insider.
Car companies began halting production