Author: jarredron402

CarGuard, Vehicle Chip Shortage On Verge Of Building Value In Protection Plans

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 ... Read more