Canada Want to buy a car? The semiconductor chip shortage could affect your selection and price

14:22  27 march  2021
14:22  27 march  2021 Source:   globalnews.ca

Insurance apps that track your driving could now yield premium increases

  Insurance apps that track your driving could now yield premium increases A growing number of provincial regulators are allowing auto insurers to apply premium increases for risky behaviour detected through phone apps and telematics devices.But recent rules changes mean that in a growing number of jurisdictions drivers could also see their premium increase if the tracking in so-called pay-as-you-drive programs reveals risky behaviour like speeding, abrupt braking or accelerating, or texting and handheld calls while the vehicle is in motion. Similarly, with pay-per-kilometre insurance, drivers could see surcharges for exceeding a certain number of kilometres driven in a certain period of time.

a car parked inside a building: In this Sept. 27, 2018, file photo a United Auto Workers assemblymen work on a 2018 Ford F-150 trucks being assembled at the Ford Rouge assembly plant in Dearborn, Mich. © (AP Photo/Carlos Osorio, File) In this Sept. 27, 2018, file photo a United Auto Workers assemblymen work on a 2018 Ford F-150 trucks being assembled at the Ford Rouge assembly plant in Dearborn, Mich.

If you're thinking of buying a new car or light truck in the near future, you may want to check the latest news on the global semiconductor chip shortage that has sent automakers across the world scrambling.

In your car-shopping experience this spring and summer, you may run into lower inventories, slightly less fuel-efficient vehicles and auto dealers who may be less inclined to haggle over price, says Shawn DuBravac, chief economist at IPC, an electronics manufacturing trade association.

Olivia Newton-John and Chloe Lattanzi: A Day in Our Life

  Olivia Newton-John and Chloe Lattanzi: A Day in Our Life Olivia Newton-John and Chloe Lattanzi have a bond like none other. Between catching up over a freshly brewed cup of tea or feeding farm animals on the actress’ sprawling California ranch, the mother-daughter duo love spending a lot of time with each other. Things are so much fun for Newton-John and Lattanzi, they even let Us Weekly tag along for a typical day in their life! Recently, the two were fortunate to team up together to record their new duet, “Window in the Wall.” To be able to work together “was special,” the Grease alum, 72, recently told Us Weekly. “This song was different because Chloe was singing in my genre and the last time we recorded together [in 2019] … I sang in her kind of younger genre and now she had to sing in a more different way. So we had a lot of fun doing it.” Lattanzi, 35, however, found the process a bit more nerve-wracking than her beloved mom. “When we went into the studio for the first take, I was so nervous that I kind of broke down, and I said, ‘Mom, I’m so sorry, but I need you to leave’ … because I was so nervous to sing in front of her,” she chimed in, but at the end, “it was all smooth … the nerves went away. And, like every parent-child relationship, there were times of bickering. “We disagree all the time on things,” Lattanzi chimed in. “I think … we’re very different artists, but … where we do really well is, when we sing together. I think that we push each other to do things that we wouldn’t normally do. And then thank each other afterward.” Want to know how else Newton-John and Lattanzi spend time together? Keep scrolling to see their action-packed day.

"If there's only one model, one car that you really want, the dealer may be apprehensive to really mark that car down," DuBravac says.

READ MORE: Insurance apps that track your driving could now yield premium increases

The reason?

Several of the world's largest automakers are running short on semiconductors, an essential component of electronic devices that have are also vital for new vehicles' infotainment modules, engines and fuel management systems.

"It isn't uncommon to see upwards of 50 semiconductors in a vehicle today," DuBravac says.

The problem is auto manufacturers are having trouble getting their hands on enough of these chips lately.

Video: Open House: EV charging and multi-unit buildings

The chip shortage has its roots in the precipitous collapse in auto sales that followed the onset of the pandemic in early 2020, according to DuBravac.

Which Recent NHL Draft Lottery Outcomes Led to the New Rule Changes?

  Which Recent NHL Draft Lottery Outcomes Led to the New Rule Changes? What do the new lottery rules mean? The best way to understand them is to understand which specific previous results the NHL wants to avoid repeating. © Provided by Hockey News on Sports Illustrated The NHL is a reactionary league. Just earlier today, it reacted to referee Tim Peel getting caught on a microphone discussing even-out calls and moth-balled him. And, on Tuesday, it announced a series of draft-lottery changes that were very much a reaction to the Detroit Red Wings getting “jobbed,” at least in their minds, at the 2020 draft.

In Canada, light vehicle sales volumes in April 2020 were less than one-third of what they were during the same month in 2019, according to data from DesRosiers Automotive Consultants.

In response, automakers around the globe rushed to scale down production, which included dialing back their orders of semiconductors, DuBravac says. At the same time, as millions of people heeded lockdown and stay-at-home orders, the demand for tablets, laptops and cloud-computing services soared, quickly filling in the semiconductor demand gap left by the auto sector, he adds.

READ MORE: Insurance apps offer big discounts but want your data. Should you download?

But auto sales rebounded very quickly, according to DuBravac.

"We saw that the auto sector, in particular, experienced a V-shaped recovery," he says.

By September, sales in Canada slightly surpassed their level in September of 2019, although they subsequently dipped back below 2019 volumes, according to figures from DesRosiers.

Germany: inflation, 2% year-on-year, exceeds the objective of the ECB

 Germany: inflation, 2% year-on-year, exceeds the objective of the ECB Germany-Economy-Inflation: Germany: inflation, 2% over one year, exceeds the objective of the ECB © Reuters / Wolfgang Rattay Germany: Inflation, 2% year-on-year, exceeds the goal of the ECB Berlin (Reuters) - rising energy prices and disturbances in supply chains have Worn inflation in Germany at 2% annually in March, above the objective of the European Central Bank (ECB) shows the first estimate published Tuesday by Destatis, the Federal Statistical Office.

Automakers rushed to increase production in response to the quick consumer bounce-back, ramping up orders to all their parts suppliers. The problem, though, is that there are often lead times of between 12 and 20 weeks for semiconductors, DuBravac says.

READ MORE: Your car-loan payment may be way too high. Here’s what’s happening

"It takes some time from the time you place an order to the time you receive the order," he says.

Soon, several automakers started running short of key chips.

Video: Regina Tesla Model 3 owner ‘summons’ vehicle

General Motors, Ford, Honda, Volvo, Volkswagen and Stellantis — the car company born out of the merger of PSA Peugeot and Fiat Chrysler — are among the automakers that said they've had to slow or suspend some production due to the chips supply crunch.

GM has announced downtime on all shifts at three of its production plants, including its CAMI facility in Ingersoll, Ont., located about 30 km east of London.

The Brampton Stellantis plant, which builds the Chrysler 300, Dodge Charger and Dodge Challenger, has also had to temporarily idle production.

A Roaring 20s economic rebound for Canada depends on these things

  A Roaring 20s economic rebound for Canada depends on these things Pent-up demand for social interaction, plus record savings during COVID-19, could fuel an economic bump reminiscent of the Roaring 20s, a growing number of economists say.“Trudeau told Canadians to come home and the South African government declared a state of national disaster. There was so much speculation and uncertainty at that time so we packed up and came home,” she told Global News.

Auto manufacturers are trying to shield pickup trucks and full-size SUVs from the effects of the shortage as much as possible, as those are their most popular and profitable vehicles, DuBravac says. GM, for example, has said it has not paused or reduced shifts on any of its truck plants.

READ MORE: How to buy a car without getting swindled

On the other hand, consumers might run into low inventories for smaller vehicles.

"The Nissan Kicks, the Toyota Corolla, Honda Accords — those are some of the areas where you're most likely to see an impact," DuBravac says.

But truck lovers may also find some of their favourite models are a little different this year.

GM said on March 15 it is building certain 2021 light-duty full-size pickup trucks without a fuel management module due to the semiconductor shortage.

The lack of the module means affected models, equipped with the 5.3-liter EcoTec3 V8 engine with both six-speed and eight-speed automatic transmission, will have lower fuel economy by one mile per gallon, spokeswoman Michelle Malcho told Reuters.

Malcho emphasized all trucks are still being built. The change would not have a major impact on the Detroit automaker’s U.S. corporate average fuel economy (CAFE) numbers, she added.

The modification runs through the 2021 model year, which typically ends in late summer or early fall, Malcho said.

COVID protocol-related absences: 03/31/21

  COVID protocol-related absences: 03/31/21 Each day, the NHL will publicly release the list of players that are unavailable to their respective teams due to being in COVID-19 Protocol. Here is the list for today: © Anne-Marie Sorvin-USA TODAY Sports Anaheim – Alexander VolkovBoston – Jake DeBruskFlorida – TBALos Angeles – Brendan LemieuxMinnesota – Zach PariseMontreal – Joel Armia, Eric StaalNY Rangers – Brett Howden Vancouver – Adam GaudetteAs a reminder, inclusion on this list does not mean that a player has tested positive for Coronavirus or even that they have been confirmed as a close contact to another positive person.

Ford has said the scarcity of chips, coupled with other weather-related part shortages, is forcing it to build F-150 trucks and Edge SUVs in North America without certain inputs. The automaker says it will build and hold the vehicles for a number of weeks and ship them to dealers once modules with hard-to-find semiconductors become available.

Tight inventories shouldn't affect new vehicle sticker prices, but they may make auto dealers leery of negotiating on price, especially if they see solid consumer demand, DuBravac said.

READ MORE: 3 numbers you should check before deciding whether to lease or buy a car

Still, not all automakers have been caught off-guard by the chips shortage. Toyota, which pioneered the just-in-time manufacturing strategy, surprised rivals and investors in February when it said its output would not be disrupted significantly by chip shortages.

The auto manufacturer made the decision to stockpile key vehicle components years ago, after experiencing the Fukushima disaster of 2011, Reuters reported.

After the catastrophe severed Toyota’s supply chains on March 11, 2011, the world’s biggest automaker realized the lead-time for semiconductors was way too long to cope with devastating shocks such as natural disasters.

“Toyota was, as far as we can tell, the only automaker properly equipped to deal with chip shortages,” a person familiar with Harman International, which specializes in car audio systems, displays and driver assistance technology, told Reuters.

With files from the Canadian Press and Reuters

NHL postpones Canucks' next three games due to COVID .
The NHL has postponed three more games for the Vancouver Canucks, shutting them down through April 6 after Travis Hamonic was added to the COVID protocol on Thursday. Hamonic joined Adam Gaudette, who has tested positive for coronavirus and a member of the team’s coaching staff. © Bob Frid-USA TODAY Sports The NHL has shut down the Canucks through April 6. The league is hoping that the Canucks will be able to play on April 8 against the Calgary Flames, but games against the Edmonton Oilers and Winnipeg Jets in the coming days will have to be pushed. All practices have also been canceled for the time being.

usr: 6
This is interesting!