DETROIT—U.S. new vehicle sales rebounded slightly last year from 2020’s dismal numbers, but forecasters expect them to be more than 2 million below the years before the coronavirus pandemic.
The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer chips available for the industry to fully crank up its factories. So supplies are short, prices are high, and many customers can’t get what they want.
