Russia war could further escalate auto prices and shortages


Russia's Russia's Russia's Russia's devastating devastating devastating devastating war war war war in in in in Ukraine Ukraine Ukraine Ukraine is is is is having having having having a a a a ripple ripple ripple ripple effect effect effect effect on on on on the the the the auto auto auto auto industry industry industry industry with with with with some some some some of of of of the the the the parts parts parts parts needed needed needed needed to to to to make make make make cars cars cars cars and and and and trucks trucks trucks trucks in in in in short short short short supply supply supply supply Ukraine Ukraine Ukraine Ukraine supplies supplies supplies supplies about about about about fifteen fifteen fifteen fifteen percent percent percent percent of of of of crucial crucial crucial crucial wiring wiring wiring wiring harnesses harnesses harnesses harnesses for for for for vehicle vehicle vehicle vehicle production production production production and and and and neon neon neon neon used used used used in in in in computer computer computer computer chips chips chips chips and and and and Russia Russia Russia Russia supplies supplies supplies supplies precious precious precious precious metals metals metals metals used used used used for for for for catalytic catalytic catalytic catalytic converters converters converters converters and and and and Evey Evey Evey Evey batteries batteries batteries batteries along along along along with with with with the the the the primary primary primary primary ingredient ingredient ingredient ingredient for for for for making making making making steel steel steel steel we we we we only only only only need need need need to to to to miss miss miss miss one one one one partner partner partner partner be be be be able able able able to to to to make make make make a a a a car car car car mark mark mark mark Wakefield Wakefield Wakefield Wakefield an an an an auto auto auto auto analyst analyst analyst analyst for for for for AlixPartners AlixPartners AlixPartners AlixPartners says says says says closed closed closed closed factories factories factories factories and and and and embargoes embargoes embargoes embargoes will will will will likely likely likely likely further further further further hamper hamper hamper hamper auto auto auto auto making making making making already already already already slowed slowed slowed slowed to to to to buy buy buy buy chip chip chip chip shortages shortages shortages shortages and and and and covert covert covert covert shutdowns shutdowns shutdowns shutdowns in in in in production production production production plants plants plants plants we're we're we're we're very very very very sensitive sensitive sensitive sensitive because because because because we we we we have have have have no no no no inventory inventory inventory inventory anywhere anywhere anywhere anywhere in in in in the the the the chain chain chain chain and and and and that that that that can can can can lead lead lead lead to to to to unplanned unplanned unplanned unplanned for for for for cost cost cost cost increase increase increase increase in in in in the the the the U. U. U. U. S. S. S. S. the the the the average average average average price price price price of of of of a a a a new new new new vehicles vehicles vehicles vehicles up up up up thirteen thirteen thirteen thirteen percent percent percent percent in in in in the the the the past past past past year year year year to to to to over over over over forty forty forty forty five five five five thousand thousand thousand thousand dollars dollars dollars dollars according according according according to to to to Edmunds Edmunds Edmunds Edmunds dot dot dot dot com com com com and and and and use use use use prices prices prices prices increased increased increased increased twenty twenty twenty twenty nine nine nine nine percent percent percent percent I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn

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