Auto Chip Shortage Causing An INSANE Black-Market
Wow, it’s starting to feel like the old days of exchanging currency on the black market in the men’s bathroom at the Rio de Janeiro airport.
“The current black market price of a Bosch ESP chip (brake control system) is 4,000 yen, which $625, which is going to add an enormous price to a car and the only possible reason that you’ll be willing to pay this much for a $2 part because it’s the one thing you need to sell your car…this black market price is ludicrous it’s nearly 300 times higher than the normal price…”
Source: https://global-macro-monitor.com/2021/10/17/auto-chip-shortage-causing-an-insane-black-market/
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