In a nutshell, the root of the chaos is a shortage of computer chips that's forced car companies worldwide to build far fewer vehicles.
have cut millions of units of production because they simply don't have the chips necessary. A modern vehicle can require thousands of them.
Fewer new vehicles to go around means manufacturers and dealers don't need to offer big discounts anymore to keep cars moving. They've found that buyers are willing to pay up when the only other option is not buying a new car at all.
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