OVL Lease Blog

Small cars IN STOCK to lease - quick delivery times

Small cars IN STOCK to lease - quick delivery times Small cars are having something of a resurgence - did you know that more people choose a small hatchback that any other car in the UK?  ... Read More

In stock cars to lease

In stock cars to lease We know it's hard right now to get your hands on a lease car - the average lead time is 9 months...HOWEVER the good news is that we do have a r... Read More

Results of our Survey - what fuel type will your next car be?

Results of our Survey - what fuel type will your next car be? We recently ran a poll on LinkedIn asking our followers what fuel type people were considering for their next car.  The resu... Read More

Petrol vs electric – cost comparison

Petrol vs electric – cost comparison With the price of fuel big news right now and prices rising higher by the week, we thought it would be interesting to look at how much it costs to ... Read More

Celebrating British Made Classics

Celebrating British Made Classics To celebrate The Queen's Platinum Jubilee 2022, OVL Group has lined up three special offers all made in Great Britain. A brand favour... Read More

All about electric cars

All about electric cars This blog shares some key facts about electric cars - we've got some fantastic offers on leasing electric cars right now, including Tesla, Pole... Read More

Don't panic - we can supply VWs and other electric/hybrid vehicles

Don You may have seen some headlines over the past few days that indicate a dire situation in the supply of new, electric vehicles but our message to y... Read More

The benefits of leasing a car through your business

The benefits of leasing a car through your business In our latest article we’ve outlined some of the benefits of business car leasing, whether you're a sole trader or the owner of a Limited... Read More

OVL Group Fundraiser for Ukraine

OVL Group Fundraiser for Ukraine I am sure you have, like me, watched the unfolding crisis in Ukraine with a mix of anger, sadness and horror. It is reported that over 2.5 million ... Read More

The OVL Review of the Polestar 2 Fastback

The OVL Review of the Polestar 2 Fastback We have been fortunate enough to have a Polestar 2 Fastback 170kWh Long Range (Single Motor 5 door auto) on demo and Andrew and Scott have given so... 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.