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Semiconductor chip shortage is causing concerns over new car supply

Don’t delay – you may miss out on your perfect match

Due to a global shortage of semiconductor chips and other car components being in such short supply, manufactures are scaling back the production of new cars. This means that the options for new car buyers are extremely limited and there are serious concerns that supply of new cars is going to drastically tighten in the not so distant future. This issue is affecting every car manufacturer across the globe.

So, what is a semiconductor chip?

Essentially, a semiconductor chip is the brain within every car and many of your other electronic devices. There are generally created using materials such as silicon, germanium, or other pure elements.

Why is there a shortage?

The global shortage first became a concern during the peak of the Coronavirus pandemic across the world because the factories that manufactured the chips had to close. Now that these factories have re-opened, demand has surged and this is causing delays across many sectors, not just in the motor industry.

What does that mean for me?

We are anticipating this to have serious ramifications on new car availability in the coming weeks. So much so that we anticipate at some point in July, customers buying a new car in July will expect to wait until 2022 to take delivery of their car.

As the largest retailer of Ford cars in Europe, we are in the fortunate position of having limited stock available for immediate delivery. We are experiencing an unprecedented level of enquiries from customers across the UK who live out-with our community. If you are thinking of buying a new car, we would encourage you to not delay.

Did you know that we will also buy your old?

If you're looking to sell, then we are looking to buy. We'll purchase your old car no matter the make or model.

Now is a great time to sell your car. With used care values skyrocketing, selling your car back to Peoples Ford has never been easier. It’s quick, simple & 100% stress free. All you need to do is click the button below and enter your details to get your free no obligation valuation.

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