📊Executive Summary

The automotive industry in Europe is facing a severe chip shortage that could halt production as early as next week. Volkswagen Group has warned that it only has enough chip supply to last until the end of next week, leading to the suspension of its Golf model production. This shortage is exacerbated by China's suspension of chip exports from Nexperia due to geopolitical tensions with the US. The situation mirrors the semiconductor crisis during the COVID-19 pandemic and is expected to limit new vehicle availability, potentially driving up used car prices....