Studley said the used car market is hot right now, and prices somewhat escalated because of the lack of new cars. He said Ford manufacturing facilities have parking lots filled with new vehicles waiting for the computer chips before the automaker can send those vehicles on to dealerships. In Alpena, Dean Arbor Ford Sales Manager George Studley said he expects the chip shortage to carry into next year, and the number of new cars and trucks on the lot to remain lean. Because the store has a few more vehicles in stock, Joseph said, the dealership has received business from people all over the state. He said most people who had leases could trade in their vehicle and get a new one, but others have had to wait for their new vehicle to arrive. Joseph said about 85% of the dealership’s business comes through leases of new vehicles, and that has continued.
“We were able to get a jump on those around us.” “We started telling people early on about the shortage, and, because of the orders, we received a bigger allocation,” he said.
The shortage has forced Northeast Michigan dealers to create wait lists and forced some customers to settle for a different color of vehicle than they wanted or one without some of the features they wanted.Īt Mike Lynch Ford in Rogers City, managers proactively ordered several new vehicles before news of the chip shortage spread, Josh Joseph, finance director at the dealership, said.įord has since increased its allotment of vehicles, but cars still don’t stay at the dealership long, Joseph said.
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