Is the Chip Shortage Real?

We see today that rental cars are harder to come by. Is there a chip shortage and is it real? What is a chip shortage, anyway? This video will look at the news of the chip shortage, and how it might affect the automotive industry as a whole.

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A growing trend across the USA and Asia is a chip shortage that relates to the car industry. After further investigation, we found out that the chip shortage is real and has nothing to do with the vehicle companies but is instead caused by COVID. The spike in sales and expendable income has caused the demand for new vehicles to be greater than the expected supply. This is causing dealerships and rental car companies to say they have no cars to rent out and that all dealerships are low on inventory.