Due to semiconductor shortages, car production in America remains disrupted, causing a continued shortage.

Supply chain issues have led to a reduction in vehicle inventory, with a 20% drop in available new cars compared to pre-pandemic levels.

High demand has pushed new car prices up by 15% on average since 2020, highlighting the ongoing car shortage.

Used car prices have surged by 30% over the past two years, reflecting the impact of the new car shortage.

Consumers face an average wait time of 6-12 months for certain new car models due to the shortage.

Automakers have prioritized high-margin models, contributing to a 25% increase in luxury car sales amid the shortage.

The overall car market value has grown by 10% annually, despite the shortage, due to increased prices.

The car shortage is expected to improve by late 2024, but current inventory levels remain 35% below pre-pandemic figures.