Depreciation has a new meaning with the ongoing chip shortage worldwide. How do Artesia and Roswell car shoppers navigate this market when searching for a used Ford truck? We’re here to help.
First, we must understand why there is a chip shortage. With international setbacks like COVID-19 and the war in Ukraine, production rates have decreased significantly. That’s why we’re seeing new vehicles on back order and used vehicles be sought after at local dealerships.
What Are Chips Anyways?
Chips allow the technology and safety features we use in our new vehicles to function. Due to technological advancement over the years, newer models now require much more chips than an older vehicle would. In essence, it will take longer to produce one new vehicle that requires 36 chips versus an older vehicle that only needs maybe one dozen.
Although you will see new vehicles showcased on lots like ours, they may be priced more or frequently unavailable due to high demand.
How Can I Navigate This Market?
One way to weave through the volatile traffic of the automobile industry is to prepare to come across the possibility of needing to pre-order your new vehicle. If patience isn’t your strong suit, you can opt for buying a used vehicle like our Ford trucks. There’s plenty in stock, and we’re happy to negotiate a price that works for you.
Visit us at Carlsbad Ford and browse our used Ford truck inventory to see how beneficial buying a truck in like-new condition can be. With trucks like the F-150, it doesn’t matter what year it was manufactured. One thing you can always count on is its impressive performance, which Hobbs and Midland locals will agree is a consistent factor in all F-150 models.