The chip shortage has changed the car-buying process as prices increase and dealerships struggle to keep vehicles in stock.
HOUSTON, Texas -- You've likely noticed some local car dealership lots are nearly empty. Why? The microchips that go inside cars are still in short supply.
"I have never seen anything like this in my life," said Alan Helfman, the president of River Oaks Chrysler Jeep Dodge and Ram. "If I was personally making the decision, I would hold off another eighteen months or so," said Margaret Kidd, a supply chain and logistics professor at the University of Houston."I don't see it getting better anytime soon. I would estimate 18 to 24 months before you're going to see those car lots full with all of those beautiful colors and great selection," said Kidd.
"Americans have gotten very spoiled and they are used to many people trading in their car every couple of years and our new reality is, that is a luxury," explained Kidd.
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