Shortage of Chips /shortage on new cars/up goes the price

Have you visited a new car franchise lately and noticed that there are fewer
new cars in stock? The article below explains why despite the salesman's spruiking
of "record sales" :

The reason is that there is an acute shortage of chips which are vital components of a car's electronic system.
The chip supply chain has up to six months lead time and marketing gurus diverted the supply to home appliances
in anticipation of the Covid demand spike in these manufacturing segments and the opposite in new car demand:

https://www.cnbc.com/2021/02/11/how-covid-led-to-a-60-billion-global-chip-shortage-for-automakers.html

Of course when there is a shortage of car supply, up goes the price !