The Today Show on NBC Monday morning featured a stunning report on the auto industry, with reporter Tom Costello saying shortages of parts and labor is crippling the car repair business, adding to the woes of a shortage of new cars and skyrocketing prices for used cars. One analyst cited in the report said the situation was the worst since World War II when the U.S. was emerging from the Great Depression and was under mandatory rationing for the all-out war effort against the Axis powers Germany, Italy and Japan.
Oil filters, wiper blades, brake parts, engine parts, even entire engines are in short supply according to Costello. The report closed with a warning that tires could be in short supply this winter due to a rubber shortage.
In yet another problem tied to the global supply chain crisis, massive shortages in automobile parts and supplies are wreaking havoc on the automotive industry from dealerships to mechanics. @tomcostellonbc reports. pic.twitter.com/bFZ1aD0pry
— TODAY (@TODAYshow) October 18, 2021