Chevrolet Shipping Thousands of Previously Incomplete Colorado Pickups
Colorado pickups were lacking parts due to the chip shortage, but some are completed and shipped.
Like most American vehicles, the Chevrolet Colorado was hit hard by the ongoing microchip shortage which has brought production of many vehicles to a halt. Rather than stopping production altogether, some automakers have continued to build their most popular vehicles without the components which rely on the currently-unavailable microchips. This resulted in massive groups of incomplete vehicles sitting around the country, including many Chevrolet Colorado pickups.
However, the folks at GM Authority reported that thousands of these incomplete Colorado pickups have been fitted with the missing parts and shipped to dealerships. In other words, a new Chevrolet Colorado is about to get much easier to find at your local dealership and if you have a truck on order, it may arrive soon.
Chevy Colorado Shipping
According to the GM Authority report, General Motors acquired the components need to finalize production on about 8,000 examples of the Chevrolet Colorado. These 8,000 trucks were pulled from the massive stockpiles of nearly-complete vehicles in storage near plants around the country. Once they were fitted with the previously unavailable parts, roughly 5,000 of those Colorado pickups were quickly shipped to dealerships around the country.
As a result, inventory levels for the popular midsized pickup will improve and if you ordered a new Colorado, there is a chance that your truck could be included in this latest batch. The odds of getting your truck sooner than later are better if you didn’t order higher tech features, as the microchip shortage is still causing backups in some areas. For example, automatic start-stop and certain fuel management systems are still not being offered in the order bank, so it is clear that the company is still short of key components.
The Bigger Picture
The Chevrolet Colorado is one of the many General Motors vehicles that is facing lengthy delays due to the microchip shortage. There are estimated to be tens of thousands of vehicles in storage around the automaker’s American plants alone, all of which are waiting for components lacking microchips.
On top of those unfinished vehicles in storage, GM has cut roughly 278,000 units from production plans in addition to removing features from the order banks which the company knows that they cannot currently provide. Unfortunately, with today’s vehicles being so full of high tech features, it is nearly impossible to build a vehicle that doesn’t rely on some sort of microchip.
Higher Vehicle Values
The only good news from this whole microchip shortage is for those people who already have their late model Chevrolet vehicle. With new inventory levels being dangerously low, dealerships have scrambled to pack their used vehicle inventory. In doing so, many dealers are paying top dollar and selling for new-near pricing, which effectively drives up the values of many newer-used vehicles.
For example, those C8 Corvette owners who were lucky enough to get their vehicles early on in the production run can easily sell that same car today, used, for more than MSRP. The same is true with many trucks purchased recently, so if you bought a new car, truck or SUV in early 2020 or late 2019, you may be able to sell that vehicle for a profit today. In some cases, you may be able to sell the car to a dealership for a profit, but keep in mind that inventory levels are low, so once you sell, you are likely to have a hard time finding a similar replacement – unless you also want to pay a big price.
Photos: Chevrolet
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