It didn’t shut down until late March and Q1 2021 is still up compared to Q1 2019. And 2020 overall was 3% off all time records even with the temp shutdown. Feel free to listen to the May call, they acknowledge the chip issue and are putting forward their 2021 production guidance in spite of it.
You can also look at new Porsche sales by quarter and see that they’re selling a record 17k units per quarter these days; that’s hard to do if production is “down”. And the impact of sales going from 15k to 17k is the real factor: “US AUTOMOTIVE BRAND SALES BY QUARTER”
Or monthly total US Monthly New Car sales; hint it’s up not down. Someone explain that if production is “down” how these “phantom” cars are being sold. Would production be up even more if there were more chips? Yes but that doesn’t mean it’s down.
Yeah that I agree with. That said they tend to overreact both ways so probably deals to be had in next few quarters when supply/demand is more favorable (lower demand and higher supply - “bullwhip” effect)
That’s the problem lately where people believe anecdotes and localized information in the face of hard facts… “covid-19 is a myth despite the CDC stats because I haven’t seen a close friend sick in my small town yet” Also all dealerships employee would be on the trading blackout list if they actually had access to material non-public information vs regional sales mgmt bs….
I guarantee you if it wasn’t “chips”, they’d be blaming something else right now. People want simple explanations and to blame some out-of-their-hands event…
At least with others like the 2022 Bolt EUV they’re just straight-up that they have tons but are not doing the usual discount because they think they can get more in this market. Not because of “chips”
Fashion companies are also straight up, things only hit the sales/clearance rack only if they don’t sell in season at full price. And yes they need to order a season ahead so if they guessed wrong and didn’t get enough, well they guessed wrong. They don’t point fingers at some shortage.