January Car Sales Remain In The Toilet Two Years After Chip Shortage Began - Is The President Doing Enough?

We're nearly two years into the global semiconductor shortage and it's still wreaking havoc on the auto industry. Despite automakers like General Motors posting "at or near record levels" of profit by maximizing returns on whatever inventory it can produce, the actual number of units out the door remains undisputedly low.

With January 2022 in the books now, some automakers may be looking forward to things getting better as the year progresses, but the truth is no one's in the clear yet. According to January sales figures published by some automakers, many are still reporting significant dips in sales—even when compared to already low figures from 2021.