OVL Lease Blog

HOW CAN DRIVING BEHAVIOUR HELP YOU REDUCE FUEL COSTS AND GREENHOUSE GAS EMISSIONS?

HOW CAN DRIVING BEHAVIOUR HELP YOU REDUCE FUEL COSTS AND GREENHOUSE GAS EMISSIONS? The experts from Emtec Corp Ltd have shared with us, an article detailing how driving behaviour is one tool to be used to reduce fuel costs and gre... Read More

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

 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 fa... Read More

Lease the Audi E-TRON GT - read our review round-up

Lease the Audi E-TRON GT - read our review round-up The Audi E-TRON GT is the flagship all electric car for the German manufacturer and it is quite simply luxury personified - Auto Express report tha... Read More

The Citroen E-C4 - Car Leasing Review

The Citroen E-C4 - Car Leasing Review The Citroen E-C4 is an affordable all electric coupe SUV. It's official all electric range is reported as 217 miles but real-wor... Read More

The Skoda Enyaq – A Car Leasing Review

The Skoda Enyaq – A Car Leasing Review The new Skoda Enyaq iV is first bespoke electric car from Skoda and Auto Express says “it brings a practical outlook to the EV ownership... Read More

Vans are in short supply – Vans4Lease expert Chris Tunnell offers his thoughts.

Vans are in short supply – Vans4Lease expert Chris Tunnell offers his thoughts. There is one thing that’s for certain, in these uncertain times, there is an almost unprecedented shortage of new vans available to lease.&nb... Read More

Featured client - Jack Brunsdon & Son

Featured client - Jack Brunsdon & Son Our featured client for this month is Jack Brunsdon & Son – Windows and Doors for homes of character. The beautiful showroom in... Read More

Changes to the Plug-in Car Grant - March 2021

Changes to the Plug-in Car Grant - March 2021 The Government has announced that the Plug-in Car Grant has been cut from £3,000 to £2,500 for Electric Vehicles and further changes to... Read More

The Polestar 2 - what’s so special about the new electric kid on the block? 

  The Polestar 2 - what’s so special about the new electric kid on the block?  The Polestar 2 is a fully electric car with a badge that you might not be too familiar with. Polestar is part of the Volvo family and is taking the... Read More

OVL Group - working in partnership with Emtec Corporation, the only connected vehicle company that measures emissions.

OVL Group - working in partnership with Emtec Corporation, the only connected vehicle company that measures emissions. OVL Group is working in partnership with Emtec Corporation, the only connected vehicle company that measures emissions. EMTEC’s tel... 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.