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Microchip Shortage Slows Vehicle Production, Car Inventory Running Short

1 month ago   |   By CBS

MINNEAPOLIS - If you're looking at buying a new car this spring, you may have fewer options to choose from.
A shortage of computer chips is slowing down production for many vehicles.
“Inventory has been extremely short,” said Joshua Burrs, who owns The Car Buying Center in St. Louis Park.
Burrs specializes in used cars, searching nationwide for different makes, models, and collectibles. He's seen demand rise while supply runs short.
“We are selling cars for more now than we were two years ago,” he said.
As people get their tax refunds, this is typically the time of year when consumers are...
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