KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.


And The Chip Shortage Lingers – What It Means For Your Next Car Purchase

So, there's good news and bad news in regards to the chip shortage we've had for the last couple of years.

The good news is, the chip shortage is easing. The bad news? Not so much for the auto industry.

"If you're looking to buy a laptop, or a desktop, or a smartphone, or tablet, we're in a much better place" said Rob Pegoraro, tech writer for USA Today, "The bad news is, in other areas like cars, the shortages are still going on a little bit there, and you could continue to see issues."

Translation? That issue means that you can expect to pay around $900 a month for a new car, if not more, until 2024. But maybe you can save a few bucks on your cell-phone.

"The concern now is, are we headed in the other direction" said tech expert Rob Kelly, "Is it possible, with these interest rates going up, and driving down spending, could we actually move into where now there would be a surplus of chips"?

That is one of the many looming questions about our economy, as we get closer to 2023.

Shortages Of Ford's Iconic Blue Badge Delays Delivery Of Some Ford Cars

Photo: Getty Images

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