Hard to Say if Chip Shortage Will Harm New-Car Demand: SXM CFO
It remains to be seen whether the “supply and demand imbalance” in semiconductors will dampen “consumers’ intent to purchase” new vehicles, SiriusXM Chief Financial Officer Sean Sullivan told a virtual Goldman Sachs conference Wednesday. The chipset supply issue is “very…
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fluid in terms of how that will impact new car sales,” he said. Automotive OEMs expect shortages “may persist into 2022,” he said.