OVL Lease Blog

An update from OVL Group

An update from OVL Group As we begin the second quarter of 2024, what do we reflect on? Busy! – It always seems busy at OVL… Positivity... Read More

Salary Sacrifice From OVL Group Ltd

Salary Sacrifice From OVL Group Ltd What is salary sacrifice? Salary sacrifice is a perk that employers ... Read More

What are the advantages of leasing an EV from a ‘new’ manufacturer?

What are the advantages of leasing an EV from a ‘new’ manufacturer? Remember when Tesla was the ‘new kid on the block’? It was the Spring of 2014 when the Tesla was first availa... Read More

UPDATE - HMRC issues update on Double-cab pickups tax status.......

UPDATE - HMRC issues update on Double-cab pickups tax status....... BREAKING NEWS....We shared last week the news of the change in the tax treatment of double-cab pick ups. TODAY the HMRC have announced ... Read More

Earn £75 when you refer a friend*

Earn £75 when you refer a friend* We have established a referral program that rewards you £75 for every referral who becomes a customer of OV... Read More

2024 Electric Cars – What’s coming?

2024 Electric Cars – What’s coming? 2024 promises to be another big year for the introduction of more fully electric vehicles into the UK market. From well k... Read More

OVL Group 2023 round up

OVL Group 2023 round up We hope you are looking forward to the festive season and a successful 2024. 2023 has been a busy and positive year at OVL Group L... Read More

How do I maintain my petrol / diesel car in the winter?

How do I maintain my petrol / diesel car in the winter? Our last blog shared how to care for your electric car in the cold weather. Now it's time for us to share tips for your petrol / diesel vehicle.... Read More

How do I care for my electric car in cold weather?

How do I care for my electric car in cold weather? Taking care of your electric car in winter is important to ensure optimal performance and efficiency. Here are some tips to help you look after you... Read More

OVL supply Fuelcare with Ford Ranger

OVL supply Fuelcare with Ford Ranger Doesn’t this Ford Ranger look fantastic with the Fuelcare branding? OVL has been working with Oliver at ... Read More

What does the global shortage in computer chips mean for the car industry?

24/05/2021

 What does the global shortage in computer chips mean for the car industry?

News sources have been awash in the past few months with information about the global shortage in computer chips.  Initially caused by factory shutdowns as the Pandemic first hit and made worse due to massive demand (mobile phones, tablets, game consoles and yes….vehicles) this shortage has reached, as reported by The Guardian “crisis point.” How though, does this affect delivery times of your new car?

 

Computer chips are the “brain” within every electronic device in the world, including cars. Between 50 and 1000 chips are fitted into new cars, depending on how ‘high tech’ and ‘well spec’d’ they are. The chips control everything from power steering to brake sensors, parking cameras and infotainment systems (all pretty standard in most cars these days). 

 

Ford has announced it will make 1.1 million fewer cars in 2021 because of the shortage and Autocar reported that some new cars will be de-spec’d for all but the highest end models.

 

As with so many things in the past 18 months, this situation is unprecedented so it’s a case of “watch this space” but our advice is also to plan far ahead.  If you know your lease ends in November, start thinking about which car you want to order now and be flexible with your choice. Our team can help you every step of the way. CONTACT US TODAY.