Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Feb. 21, 2023

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Tue Jul 13 21:22:29 +0000 2021

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Rep. Don Beyer @RepDonBeyer

At the same time, the auto industry had a huge and unexpected hit to demand: the chip shortage. The freeze in Texas and a factory fire in Japan put a big squeeze on an essential component for car manufacturers, made worse when some countries started hoarding their chip supply. 7/ https://t.co/tgiCfhG9tG — PolitiTweet.org

Posted July 13, 2021 Hibernated

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Rep. Don Beyer @RepDonBeyer

Rental companies that sold off much of their fleets during the pandemic scrambled to replace them. This was at the same time that regular people were trying to buy new and used cars, creating an incredible surge in demand. 6/ https://t.co/40c2zOhrGY — PolitiTweet.org

Posted July 13, 2021 Hibernated

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Rep. Don Beyer @RepDonBeyer

If you understand the basics of supply and demand you know what was sure to follow: prices went through the roof. But both supply and demand conditions are temporary, so you can also predict what will probably happen next: prices fall again. Sure enough 8/ https://t.co/5P51tlcl1Q — PolitiTweet.org

For example, used cars and trucks accounted for almost half of the increase, but wholesale market prices for used v… https://t.co/aEJQBTIZHd

Posted July 13, 2021 Hibernated