Used cars are supposed to go down in value. Last month, their value increased by more than 10 percent – something that has never happened before. Supposedly because there is a shortage of new cars – because there is a shortage of semiconductor “chips,” the linchpin of all the electronics in new cars. But what if it isn’t the “chips” but the electronics that are causing people to shy away from new cars in favor of less electronic used ones? They have electronics too, of course – assuming they’re newer than the late 1970s, when cars began to transition from being mechanical things with the only electronic thing (other than … Continue reading →
Source: Blame it on the Chips?