Rental companies buy up used cars as microchip crisis gets worse

Stadium rental car lot — Rental cars are stored in a parking lot at a stadium in Los Angeles. (BLOOMBERG/Bloomberg)

By:

DAVID WELCH

By:

Bloomberg

May 03, 2021 12:41 PM

The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction.

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Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Manufacturing

Automakers would also not be responsible for other tariffs on aluminum and steel, said a White House official on Monday night.

By:

Bloomberg News

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Volkswagen

Porsche shipments to dealerships stopped over tariffs, retailers say

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Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

Stellantis

By:

Kurt Nagl, Crains Detroit Business

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

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