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Freight costs lowering but logistics remain a setback

While shipping costs are showing an improvement, logistics are still grappling with challenges posed by growing wait times for ships arriving at the Gulf and East Coast ports, according to the Descartes Datamyne trade databases. “While down slightly from August 2021...

Toyota scales back October production output due to chip shortage

Toyota says it will scale back production by 100,000 vehicles during October due to semiconductor shortages, reports CBT News. The news could be a sign that the semiconductor chip shortage will continue to be an issue for manufacturers in the second half of the...

5 trends that will reshape your supply chain

According to EE Times, there are several trends to improve supply networks. Several of them directly impact engineers — and all are worth watching in 2022. #1 - Design for Supply Chain (DfSC). This is catching on as component shortages limit industrial production....

Automotive: Semiconductor shortage threatens to “permanently change wholesale landscape”

Sep 15, 2022
Automotive Car Lot

New car shortages caused by the global semiconductor issue are threatening to permanently change the wholesale used car landscape, writes Motor Trader.

Reporting comments from U.K. car auctioneers, Aston Barclay, Motor Trader said average prices have increased by 39.6% (£4,340) from £10,938 in Q2 2020 to £15,278 in Q2 2022, close to the average prices of ex-rental used cars prior to the pandemic.

one third of all lease contracts being currently extended due to new car supply problems. In August 2022, it’s reported by Motor Trader that Aston Barclay sold its first post-pandemic ex-rental cars, which averaged four years and 62,600 miles. That compares with the pre-pandemic average of around 18 months/20,000 miles.

In part exchanges, dealers have held onto most of their part exchanges since new car supplies have been compromised, particularly at the younger end of the market between 55 and 75 months.

Used cars reaching auction have remained at between 65-66 months in age, but mileage has fallen by -4.3% (2,650 miles) to 58,100 miles in Q2 2022 reflecting a restriction in driver journeys during the pandemic and due to hybrid working practices.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics