Auto manufacturers around the world have been eating the effects of the prolonged microchip shortage ever since pandemic related shutdowns forced a disruption to the global supply chain. Adding to that, Asia-based microchip producers have struggled with meeting the insane consumer demand for new electronics, which was spurned from the need for employees to work from home during the Covid-19 crisis. This has in turn choked the supply for automakers like General Motors and Ford Motor Company. Especially when it comes to high-margin, high-demand trucks like the Chevrolet Silverado 1500 and 2021 Ford F-150.
As regular production schedules have resumed for automakers, microchip suppliers still can’t seem to bolster their own production to match pace. That said, Ford Motor Company has managed to get what it needed in the form of a fresh supply of semiconductor microchips.
The Detroit Free Press initially covered Ford Motor Company’s announcement of a new supply of semiconductor chips, meaning a considerable amount of idled 2021 Ford F-150 trucks will be shipping out to dealers.
Ford Trucks Are Everywhere
If you’ve been keeping up with the microchip shortage, you’re probably aware of the thousands of unfinished F-series pickups just sitting around. Even with more production halts back in April, Ford has been able to stockpile trucks in any space where they’ll fit, bumper to bumper. The Drive has covered the Kentucky Speedway’s progression of trucks filling the race grounds, a sight that’s visible from satellite imaging in space.
The Freep has covered another batch of trucks sitting in a lot of the Department of Public Works rail yard just waiting to be completed. There’s also a mass of pickup trucks circling the Dearborn Test Track. This expanse of “holding areas” have been populated with F-150s, F-250, and F-350s out the wazoo.
An Influx Of 2021 Ford F-150 Trucks Could Bring Prices Down
The biggest problem for Ford isn’t finding places to store its vehicles. It’s been the drought for dealerships nationwide that can’t fill demand for the popular F-150 truck. They simply don’t have any to sell. That’s going to change very soon however. According to The Drive, Ford’s first priority right now is getting the new microchips into the trucks and getting them to dealers.
That’s fantastic news for F-series truck consumers. As the production ship fully rights itself, we’re going to see a change in the current auto market bubble. Prices for both new and used vehicles have skyrocketed as supply has fallen short and demand has run high. As inventory quantity sees a slow influx, prices will begin to fall. The Ford F-150, the most popular truck in America, will be a direct indicator of the soon-to-change auto market.