Microchip Supply Shortage Continues to Hamper Vehicle Production
The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.
motorbisquit.com
The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts putting the total number at 1.5 million below 2021 levels, according to the latest estimate by AutoForecast Solutions (AFS).
AFS reports manufacturers axed about 1.59 million vehicles since January 1. Automakers also lost 10.5 million vehicles to the shortage in 2021, putting the total vehicles lost since the shortage started at 12 million vehicles worldwide.
Of the roughly 87,500 vehicles added to the total over the last week, around 35,600 were lost at North American factories and 32,800 from assembly plants in Asia outside of China.
European plants trimmed around 16,500 vehicles from their schedules, while 2,600 were cut from South American factories. China and the Middle East/Africa region reported no further cuts.
According to a Bloomberg report, quarterly microchip production in China fell in the first quarter for the first time since 2019. Output of semiconductors fell 4.2% in the first quarter compared with 2021 levels, largely due to COVID-19 lockdowns in Shanghai.
Originally posted on Auto Dealer Today
More Showroom
Affordable, Safe Cars for Teen Drivers
Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
Holman Opens Porsche Dealership in Miami
The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.
Read More →
Chicago to Gain Cadillac Rooftop in 2027
The two-story Cadillac dealership is being constructed at the former Lincoln Yards site, owned and operated by Canada-based Jack Carter Auto Group.
Read More →
Mid-Atlantic Ford Store Has New Owner
A growing Maryland automotive group is only the 93-year-old dealership’s third owner after its longtime proprietors retired.
Read More →
Porsche Dealership Breaks Ground in Illinois
Barrington Porsche will be the new location for Murgado Automotive Group’s existing Porsche dealership currently in the Motor Werks of Barrington auto mall.
Read More →
Michigan Auto Group Acquires Ohio Rooftops
Feldman Automotive Group added two new brands, Honda and Toyota, to its portfolio with its latest acquisition of four Fireside dealerships in Ohio.
Read More →
California VW Dealers Go After Scout
The franchisees’ state-level actions follow a California auto dealers trade group lawsuit against the VW affiliate last year, both efforts to stop the EV maker’s plan to sell direct to consumers.
Read More →
EVs Gain Traction in Europe
First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.
Read More →
California Holds EV Lead Despite Annual Decline
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
Read More →