What is actually happening at car manufacturers right now?

[AlexNJ89]

Does anyone know what this microchip shortage looks like behind the scenes, has production completely stopped?

Or, have they half built all the cars apart from the parts which require the microchips and therefore when the shortage lifts we see a surge in new cars hitting the road?

I'm trying to figure out if the used market is going to take a sudden drop or if cars will gradually depreciate at the same rate they always have.

[AlexNJ89]

Man, this is really sounding like it's not going to be resolved any time soon.

[AlexNJ89]

This may just be my imagination, but the spec and quality of used cars on the market right now is appalling.

They so often have missing desirable features, not well looked after or have a weird spec that no one wants.