Truck Shortage Continues as Semiconductor Chips Still in Short Supply

Waiting for New Trucks 070821

If you're in the market for a new truck, you may be waiting a while longer. Major auto and truck manufacturers have announced extended shutdowns and it's the chip shortage still to blame.

Just this week, Ford Motor Company and GM announced layoffs would continue, due to trouble sourcing the semiconductor chips needed to produce new trucks and cars.

Ford says the F-150 production plant in Kansas City is shutting down for two weeks in July. That's as workers just started trickling back in after the plant was idle from April 19 to June 14. Plants in Michigan, Kentucky, Illinois, Canada and Mexico are also seeing extended closures.

That's impacting farmers and ranchers in the market for a truck. According to Farm Journal research, more than a third of farmers planned to purchase a new pickup this year.

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