New Car Prices Soar to Record Highs on Limited Output

The video discusses the current state of the auto sector, focusing on record car prices and the impact of the shift to electric vehicles (EVs). It highlights the role of the semiconductor shortage in driving prices and explores how industry leaders like GM and Ford are adapting by becoming more disciplined in inventory management. Despite skepticism about the longevity of these changes, car prices have been rising significantly since 2019.

How has the semiconductor shortage impacted the auto industry?

What lasting changes do CEOs believe will occur in the auto industry?

What skepticism exists regarding the discipline in inventory management?

What factors are currently driving car prices in the auto sector?

Since when have car prices been skyrocketing, according to the text?