As the U.S. economy recovers from its downward pandemic spiral, a vital product is in short supply: the vehicle chips that control gas pedals, transmissions, and touch screens. The chip crisis is expected to cause global automakers to manufacture 7.7 million fewer vehicles over the next year.
As a result of the shortage, vehicle manufacturers have canceled shifts and shuttered production for the time being. Ford, GM, Fiat Chrysler (now Stellantis), Volkswagen, and Honda appear to have taken the brunt of the damage. While consumers will still be able to buy new cars as we head into 2022, they can expect to see a significant hike in pricing. Many models were already in short supply prior to the chip shortage, as automakers struggled to make up for output lost due to the pandemic.
It’s time to start looking at preserving the cars we already own because a hot new set of wheels could be more costly than anyone can reasonably afford. Now more than ever, car owners need to protect their assets. Vehicle service contracts are set to become the trendiest (and most necessary) accessory for drivers in the next few years. CarGuard Trevor Smith is firmly ahead of the curve, offering innovative, customer-friendly plans that go beyond traditional extended warranty.
Consumers have access to a wide range of vehicle protection plans without restrictive terms, according to CarGuard reviews. This is an enormous blessing during a time where the customer’s bottom line is so important. The pandemic has taken its toll on businesses and individuals. Everyone is counting their hard-earned pennies, but that doesn’t mean drivers should be left high and dry in their time of need. CarGuard’s consumer-first attitude is set to carry them through the chip shortage and beyond.
Every car owner has some form of accident insurance, but they’re not often compelled to pay for additional vehicle protection, especially when their car is new. Unfortunately, warranties don’t last forever, and the older a car is, the more wear and tear repairs will be needed. A breakdown without some sort of financial assistance is an unexpected financial burden that not everyone can bear. Vehicle protection coverage from CarGuard Administration can lighten the load.
Competitive pricing options and pro-consumer contracts have set CarGuard at the front of the pack. From Platinum Plans, including bonus roadside assistance and a rental car program, all the way to Prepaid Maintenance Plans that are tailored to the customer’s precise needs. It’s evident that CarGuard will keep clients on the road and financially secure for the foreseeable future.