MORE IS BAD WEATHER EXECUTIVE
VICE PRESIDENT OF AUTO LENDERS
AND BRAD GIVE US SOME MORE
CONTEXT ON THE SCHOOL OF THE
CHIP
SHORTAGE FROM YOUR.
>> WELL THANKS FOR FOR HAVING
ME ON
OF HIS LAST AND SO WE
GET COVID UNDER CONTROL IN
THESE COUNTRIES MIGHT THAT
WE'RE IN I HAVE AND THAT
PRODUCES THE MAJORITY OF
THE CHIPS AND WE'RE GOING TO
HAVE A SUPPLY ISSUE FOR A LONG
TIME IT SEEMS
LIKE EVERY. YEAH A NEW BOTTLE
NECK ISSUE GETS ANNOUNCE IT
JUST PUTS MORE
PRESSURE ON KEEPING UP WITH
THEM WE DID A MANNER THAT
IS CONSISTENT. IT'S AN ACCURATE
AND WE DO NOT HAVE
THAT RIGHT AND UNTIL THAT I
REALLY CAN'T PREDICT THE DATE
THAT
THIS FLAG. WE'RE SO MY RIGHT IT
LOOKS
LIKE IT EFFECT ALL THIS YEAR
AND NEXT YEAR AND INTO
2020 ORIGINALLY THE BEACH IT'S
NOW WELL SEVERAL CHIP PRODUCERS
HAVE ANNOUNCED PLANS TO EXPAND
FACTORY CAPACITY. SOME EXPERTS
BELIEVE PRODUCTION WON'T KICK
IN UNTIL 2023 OR EVEN BEYOND SO
HOW COULD FURTHER DELAYS IMPACT
PRODUCTION, ESPECIALLY FROM TV
MAKERS LIKE TESTS AND RIVIAN.
WELL YOU KNOW FIRST
OF ALL THE U.S. IMPROVE THE
CUSTOMER DEMAND IS STILL HIGH
ARE YOU SURE YOU'RE. OUR
COMPANY ON
THE LENDER DOESN'T HAVE A
RECORD BREAKING 3RD QUARTER AND
WILL HAVE A VERY
STRONG FORCE BUT THE REASON WHY
WE HAVE IN THE TOURS AND THE
BEST IN HIS 40 IN THE
INDUSTRY IS AND NO ONE ELSE GM
HONDA NISSAN TOYOTA. ALL
REPORTED A SALES DECLINES
IN THAT 3RD AND IT'S NOT A
SURPRISE TO ME I YOU CAN'T GET
YOUR FORECAST WITHOUT THE
PRODUCT. AND FINALLY BECOMING A
REALITY FOR THE NEW PARTY,
THE SHIP'S YOU KNOW I DROVE BY
A COUPLE DIFFERENT DEALERSHIPS
OVER THE WEEKEND AND THEY HAVE
TO FIGHT CARSON A LOT COMPARED
TO A 100 AND TECHNICALLY HAVE
BUSH AND SO THESE NEW
CAR DEALERS THIS WILL HAVE TO
USE CARS TO THEIR LOT OR THEY
WANT TO KNOW BE ABLE TO SELL TO
THEIR TO THEIR CAR SUMMERS HE
AND THIS WAS A MAJOR THAT
ON THE ARE COMPANY OR LENDERS
IS PREPARE FOR THIS TIME.
WE HAVE TO INNOVATE WAYS OF
GETTING A BIT WORRIED THE
LEASING COMPANY CALLED COUNT
BUT IF THE DEALERSHIP BREWERS
GOLD
STAR FOR PERRY THINKING
DIFFERENTLY IN CREATING
INVENTORY PIPELINES THIS IS
GOING TO BE A VERY DIFFICULT
WORK ORDER AND FIRST PART OF
2022, IT'S FORCED TO DO SO HOW
DOES THIS AFFECT.
>> INNOVATION AND GREEN
INITIATIVES WITHIN THE
AUTOMOTIVE INDUSTRY.
>> LET ME READ RIGHT NOW THIS
IS SUCH A BIG DEAL THE
SUPPLY ISSUES. I'M SO EXCITED
TO SEE WHAT THE EFFECTS ARE AND
THE
3 O MARK. THAT'S MY AREA OF
EXPERTISE THAT'S WHAT OUR
COMPANY SPECIALIZES
THEY'RE NOT VEHICLES TO SELL
THE NEW CAR DEALERSHIPS AND
THEY'RE GOING TO BE BIG ON AND
ON THE SAME PREOWNED VEHICLE
AT ALL.
>> SO HOW DOES THIS AFFECT SO
WHEN IT COMES TO
CAR PRICES.
>> HOW BAD IS IT HOW BAD DO YOU
THINK IT WILL GET WHEN IT COMES
TO THESE HIGHER LEVEL PRICES
FOR.
>> LIKE YOU SAID HUGHES CARS
AND THE FEW NEW CARS.
>> SO IF YOU THINK ABOUT IT
WHAT ARE THE EFFECTS OF THAT SO
THE MATURE
ALREADY OF DEALERSHIPS GET
THEIR PRE OWNED HAVE BEEN TORY
AT ALL
SHOULDN'T BE SO YOU'RE OUT
HUNDREDS OF DEALERSHIPS THAT
NEVER USED TO BE ON THAT
PREOWNED CAR ALL COMPETING
AGAINST EACH OTHER ON THAT ONE
SPECIFIC FREE, ALBEIT THEY'RE
GOING TO PAYOFF FOR THAT ON
THAT BELOW AVERAGE PRODUCT AS
WELL SO YES, THE PRICES ARE
GOING TO RISE. THERE YOU GO
THROUGH THE ROOF, THE
4TH QUARTER AND INTO 2022 TO
YOU ABOUT WHAT.
>> PRESIDENT BIDEN PLANS
ON INVESTING 50 BILLION DOLLARS
TO BOOST SEMICONDUCTOR
COMPETITIVENESS IN THE U.S., SO
HOW COULD THIS CHANGE THE
GLOBAL LANDSCAPE OF THE CHIP
INDUSTRY.
>> AND YOU KNOW AS THIS LAST
WEEK AND HE HAS TO MEET WITH
THE INTEL. THE APPLES AND HE
ASKED TO START GAME-PLANNING
WHERE WE HAVE TO
AT THAT WE HAVE TO COME UP WITH
A BETTER SOLUTION THAT WE HAVE
RIGHT BUT WE HAVE TO QUICKLY DO
IT WE ARE SO HIGH RIGHT NOW AT
THIS POINT. IF WE DON'T MAKE A