Chip shortage and fewer new cars being made due to that, was my understanding.
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Post a picture of your most recent purchase....(not poker chips) (6 Viewers)
- Thread starter cr8ton
- Start date
Mongoose
Full House
Yes, I’ve heard the chip shortage thing. Does that mean computers are far more expensive? EVERYTHING is crazy more expensive poker chips to food…. = inflation.
The whole car situation is nuts… @doublebooyah85
The whole car situation is nuts… @doublebooyah85
Ben8257
Royal Flush
Most recent non chipping purchase? I don't buy anything but poker chips! Lol
How about a throw back, broke out my old ski jacket for the storm this morning, of course I have a more modern one but honestly I think my dad spent like $60 on this Tyrolia jacket back in like 1996, super thin and warm... had no idea at 14 years old this thing would be with me the rest of my life.
Unfortunately my lift tags from the early years got cut off but still have some vintage ones on there!
How about a throw back, broke out my old ski jacket for the storm this morning, of course I have a more modern one but honestly I think my dad spent like $60 on this Tyrolia jacket back in like 1996, super thin and warm... had no idea at 14 years old this thing would be with me the rest of my life.
Unfortunately my lift tags from the early years got cut off but still have some vintage ones on there!
Com
Yeah the "semi-conductor microchip" shortage has been a disaster. Here's a story on exactly why and what happened...
March 2020 was the onset of COVID, at that time, the Wuhan Virus, and it freaked out the automotive manufactures. They predicted an incoming pandemic and economy collapse so they cancelled the supply/parts contracts across the world. Specifically microchips. Well, who know, during a pandemic people would decide to spend billions on home improvements and cars. We actually had a huge demand in car shopping because people were at home, and couldn't buy anything. Everyone was flush with cash. They couldn't go out to eat, drink at bars, they had to cancel their spring breaks and summer vacations, and tax refunds just hit...then stimulus checks. So everyone was FLUSH with cash. Brought on a huge spike in car sales and also home improvements.
Well, as the auto manufacturers canceled their semiconductor chip contracts, Sony/Samung/LG/Mircrosoft swooped in and took the contracts. The personal electronic device manufacturers were always short and second in line to the auto manufacturers. In addition, electronic device sales went on fire everyone working from home. Reminds me of old money (Ford/GM/Honda) and new money (Sony/LG/etc). In addition, these companies (Sony/LG/etc) worked new contracts and the factories were charging way more, making much more money on them. This put the auto industry in the back of the line.
Now, there is only about 7 factories IN THE WORLD that make these microchips, and just oddly enough, one factory burns down in 2020 leaving only 6 factories. These same factories take YEARS to build and prepare. So this shortage isn't ending until 2023 best case scenario.
**Yes, same reason why computer parts are more expensive, and more limited. Yes, absolutely one reason why inflation went up.**
The auto industry is the most perfect example of supply and demand and economics 101. When we have a low supply, the demand outpaces the supply and prices sky rocket. Everything right now is at MSRP, and in the metro areas, it's above MSRP. Don't be surprised dealers charging more than MSRP. Remember MSRP is just MANUFACTURER SUGGESTED RETAIL PRICING. Customers sure were happy to pay thousands below for decades, it's okay for dealers who previously sold 80 cars that sell 25 need to charge more than MSRP. But if you want a discount, go outside the metro areas where demand is a little less.
Not all manufacturer supply issues are the same. Guess what, a resource/supply chain in Asia is having difficulty, guess who gets the shaft? And guess who gets preferential treatment. Ford/GM got the shaft, Honda/Toyota/Hyundai/Kia are getting the preferential treatment. No doubt everyone is impacted, but the manufacturers closer to the problem are getting the benefits. The US based auto giants were CRUSHED the first year of this pandemic, going MONTHS without new car inventory. If America had a valuable resource guess who would get the benefit. If Asia had a valuable resource, guess whose getting the benefit etc.
Now, the unique transition the auto industry happening now is most new car car buyers are required to order their vehicles and wait 2-10 weeks for the car to be built or incoming. Days of dealers with inventory on hand are currently over, and it will be interesting to see over the next 1-4 years, if this practice is adopted or will manufacturers not be able to resist and just send dealers every car they can build. The pandemic has been good to auto dealers and auto manufacturers for the most part. Discounts/rebates and incentives are no more. Just look at their stock values. Ford is over $20/share for the first time since the 90s!!!
NOW A STORY ON USED CAR SHORTAGES
Couple reasons why used cars have historic prices...
1) There are no new cars (duh)
2) There is no LEASING. When leases come off lease, they supply the used car inventory at dealers. This used car shortage will go on LONGER than the new car shortage because for the past 18 months, and next several years, the manufacturers have no incentive to offer attractive leases. They are retailing every car, and that's what they prefer. Therefore, the used car market will no longer get millions of cars dumped into (off leases).
3) RENTAL CAR companies cannot get new car inventory. The manufacturers cannot supply dealers, how could they supply rental cars and fleet? Therefore, they are buying everything up auction. For the first time in history, USED CAR VALUES at AUCTIONS are higher than retail. We are seeing 1 year old vehicles with 10,000 miles being sold ABOVE MSRP because HERTZ etc are desperate to get inventory for rentals.
4) Used car independent lots have no avenue for inventory. Atleast a new car dealer gets nice trades, but a used car dealer often doesn't get trade ins. So they are forced to buy at the auction, and are bidding against drunk Hertz LOL.
5) YES, when you go to buyout your lease right now, you will see your buyout is maybe $15,000 but the car is worth $22,500. Right now if you have a lease its a great opportunity to buy it....or trade it in AND TAKE THAT EQUITY.
Yeah the "semi-conductor microchip" shortage has been a disaster. Here's a story on exactly why and what happened...
March 2020 was the onset of COVID, at that time, the Wuhan Virus, and it freaked out the automotive manufactures. They predicted an incoming pandemic and economy collapse so they cancelled the supply/parts contracts across the world. Specifically microchips. Well, who know, during a pandemic people would decide to spend billions on home improvements and cars. We actually had a huge demand in car shopping because people were at home, and couldn't buy anything. Everyone was flush with cash. They couldn't go out to eat, drink at bars, they had to cancel their spring breaks and summer vacations, and tax refunds just hit...then stimulus checks. So everyone was FLUSH with cash. Brought on a huge spike in car sales and also home improvements.
Well, as the auto manufacturers canceled their semiconductor chip contracts, Sony/Samung/LG/Mircrosoft swooped in and took the contracts. The personal electronic device manufacturers were always short and second in line to the auto manufacturers. In addition, electronic device sales went on fire everyone working from home. Reminds me of old money (Ford/GM/Honda) and new money (Sony/LG/etc). In addition, these companies (Sony/LG/etc) worked new contracts and the factories were charging way more, making much more money on them. This put the auto industry in the back of the line.
Now, there is only about 7 factories IN THE WORLD that make these microchips, and just oddly enough, one factory burns down in 2020 leaving only 6 factories. These same factories take YEARS to build and prepare. So this shortage isn't ending until 2023 best case scenario.
**Yes, same reason why computer parts are more expensive, and more limited. Yes, absolutely one reason why inflation went up.**
The auto industry is the most perfect example of supply and demand and economics 101. When we have a low supply, the demand outpaces the supply and prices sky rocket. Everything right now is at MSRP, and in the metro areas, it's above MSRP. Don't be surprised dealers charging more than MSRP. Remember MSRP is just MANUFACTURER SUGGESTED RETAIL PRICING. Customers sure were happy to pay thousands below for decades, it's okay for dealers who previously sold 80 cars that sell 25 need to charge more than MSRP. But if you want a discount, go outside the metro areas where demand is a little less.
Not all manufacturer supply issues are the same. Guess what, a resource/supply chain in Asia is having difficulty, guess who gets the shaft? And guess who gets preferential treatment. Ford/GM got the shaft, Honda/Toyota/Hyundai/Kia are getting the preferential treatment. No doubt everyone is impacted, but the manufacturers closer to the problem are getting the benefits. The US based auto giants were CRUSHED the first year of this pandemic, going MONTHS without new car inventory. If America had a valuable resource guess who would get the benefit. If Asia had a valuable resource, guess whose getting the benefit etc.
Now, the unique transition the auto industry happening now is most new car car buyers are required to order their vehicles and wait 2-10 weeks for the car to be built or incoming. Days of dealers with inventory on hand are currently over, and it will be interesting to see over the next 1-4 years, if this practice is adopted or will manufacturers not be able to resist and just send dealers every car they can build. The pandemic has been good to auto dealers and auto manufacturers for the most part. Discounts/rebates and incentives are no more. Just look at their stock values. Ford is over $20/share for the first time since the 90s!!!
NOW A STORY ON USED CAR SHORTAGES
Couple reasons why used cars have historic prices...
1) There are no new cars (duh)
2) There is no LEASING. When leases come off lease, they supply the used car inventory at dealers. This used car shortage will go on LONGER than the new car shortage because for the past 18 months, and next several years, the manufacturers have no incentive to offer attractive leases. They are retailing every car, and that's what they prefer. Therefore, the used car market will no longer get millions of cars dumped into (off leases).
3) RENTAL CAR companies cannot get new car inventory. The manufacturers cannot supply dealers, how could they supply rental cars and fleet? Therefore, they are buying everything up auction. For the first time in history, USED CAR VALUES at AUCTIONS are higher than retail. We are seeing 1 year old vehicles with 10,000 miles being sold ABOVE MSRP because HERTZ etc are desperate to get inventory for rentals.
4) Used car independent lots have no avenue for inventory. Atleast a new car dealer gets nice trades, but a used car dealer often doesn't get trade ins. So they are forced to buy at the auction, and are bidding against drunk Hertz LOL.
5) YES, when you go to buyout your lease right now, you will see your buyout is maybe $15,000 but the car is worth $22,500. Right now if you have a lease its a great opportunity to buy it....or trade it in AND TAKE THAT EQUITY.
justsomedude
Straight Flush
My 2013 Jeep Wrangler JK blue books for more than I paid for it (private party) in 2018. And that's including the 30,000 additional miles I put on it.
Nutty.
Littleluck55
Flush
I’m just impressed you can fit into something you got when you were 14. I don’t think I can even fit into socks I had when I was 14
Littleluck55
Flush
The higher prices in cars has a negative affect too. In KY, we pay property tax every year on our vehicles when we register them. They just announced our valuation on vehicles are rising on average 40%. So more taxes out of our pocket. Ugh.
A late Christmas present just arrived.
justsomedude
Straight Flush
Seriously. Where did you get this????
Meddler2
Full House
Mongoose
Full House
^^^ Lep is a new one to me. Had to look it up!
Mongoose
Full House
No deer in my immediate neighborhood but coyotes are definitely out and about. Always keep a watchful eye on my little pooch when walking her
I think you’ve just sent me down the LEP hole… guess imma add one to my Amazon wishlist
DeeVee8
Flush
Could have always gone with Clay coating. Would have increased the value of the truck 6x or 7x down the road.
TBH this isn’t my *most recent* purchase... But it has proved to be my *best* purchase of recent months. Thanks to this device, I have become addicted to making kindling:
https://www.northerntool.com/shop/tools/product_200676883_200676883
I heat my barn and the cellar-level of my house with wood, so having lots of kindling in various sizes makes starting and maintaining fires much easier and efficient.
Notes:
* Definitely get the XL size. I can’t see any advantage to the smaller “standard” size.
* You’ll need a maul, sledgehammer, back end of an axe, and/or heavy mallet to hit the logs. Splitting takes very little effort, unless you encounter a problem piece.
* Thanks to the circular design, it’s easy to stand quarter-round or half-round logs on the blades, as well as smaller pieces. I usually give them a light tap to make sure they are held in place before the whack to split them. But this is often not necessary.
* Unless your wood is very knotty, this makes cutting down kindling to a pretty small size really simple, and weirdly fun. Once I start, I have to force myself to stop. The top ring of the unit has two heights, which is handy for different length longs.
* You can bolt the Cracker to a stump or other wood base for stability, but with the ground frozen here in the Hudson Valley, I’ve just been using it on the ground. Once the ground gets softer, I’ll probably add a base.
Some progress pics below...
https://www.northerntool.com/shop/tools/product_200676883_200676883
I heat my barn and the cellar-level of my house with wood, so having lots of kindling in various sizes makes starting and maintaining fires much easier and efficient.
Notes:
* Definitely get the XL size. I can’t see any advantage to the smaller “standard” size.
* You’ll need a maul, sledgehammer, back end of an axe, and/or heavy mallet to hit the logs. Splitting takes very little effort, unless you encounter a problem piece.
* Thanks to the circular design, it’s easy to stand quarter-round or half-round logs on the blades, as well as smaller pieces. I usually give them a light tap to make sure they are held in place before the whack to split them. But this is often not necessary.
* Unless your wood is very knotty, this makes cutting down kindling to a pretty small size really simple, and weirdly fun. Once I start, I have to force myself to stop. The top ring of the unit has two heights, which is handy for different length longs.
* You can bolt the Cracker to a stump or other wood base for stability, but with the ground frozen here in the Hudson Valley, I’ve just been using it on the ground. Once the ground gets softer, I’ll probably add a base.
Some progress pics below...
Last edited:
Jackypoo
Two Pair
Call me an elitist but this bothers me. You only need one ticket holder. Just slap the new lift ticket over the old one! No need to keep adding more metal hangers!
Ben8257
Royal Flush
Makes a good point... then you don't have to dig when you get to the bottom to find the right one... it was 20 plus years ago... I was 18 and that's what all the "cool kids" were doing. I haven't Skied in years... broken back and cold along with high impact isn't a great mix for me anymore... and I was one of those through the woods to hit a 50 ft boulder or jumping school buses in terrain parks kind of guys. Going down a hill with no monster jumps or trees (glade skiing) was just boring for me. Maybe someday will go back to.it though and I promise to only use one hangar! Lol
This made me chuckle, I can definitely vouch for Ben on this one. I skied a bit in high school in the late 90s, and having multiple tags was definitely the "cool" thing to do. I'm in a similar boat my friend, I've considered hitting the slopes again with my boys but with two replaced ACLs and a good deal more padding around the middle, it's probably not the best idea lol.
Jackypoo
Two Pair
Lol I was born in 94 so I guess it makes sense I missed that trend 
@Ben8257 you sound pretty badass, I try to push myself to be better and I agree flat groomers are far too boring. I need a challenge every time I ride. Unfortunately I never really got great at park riding and deep and steep terrain is hard to find in Michigan. We have Bohemia in the far north which is probably the only reason I'm still so invested in the sport. Look up bohemia if you aren't familiar, it's badass. I will say though my local trash hill has an insane park crew and local riders who ride the park insanely good.
@Ben8257 you sound pretty badass, I try to push myself to be better and I agree flat groomers are far too boring. I need a challenge every time I ride. Unfortunately I never really got great at park riding and deep and steep terrain is hard to find in Michigan. We have Bohemia in the far north which is probably the only reason I'm still so invested in the sport. Look up bohemia if you aren't familiar, it's badass. I will say though my local trash hill has an insane park crew and local riders who ride the park insanely good.
justsomedude
Straight Flush
Finally got Surveillance Station up and running on my Synology NAS with an Amcrest doorbell cam. It's amazing how powerful it is... being able to customize record vs. stream qualities is impressive, while also having options for various stream qualities on mobile devices depending on available bandwidth is convenient as all hell.
But mostly I'm just looking forward to finally ditching the Google/Nest/SimpliSafe cloud-fees just to be able to review/access the stored footage from their cams. Just need to switch out my other cams now.
I should've done this years ago...
But mostly I'm just looking forward to finally ditching the Google/Nest/SimpliSafe cloud-fees just to be able to review/access the stored footage from their cams. Just need to switch out my other cams now.
I should've done this years ago...
gopherblue
Straight Flush
Ordered.
gopherblue
Straight Flush
The surveillance station software is awesome. It's a little gimmicky with the camera licenses, but it's a one-time cost. Most 4 bay+ NAS devices come with 2 licenses.
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