Dec 2022
Microchip Shortage: December Is Not Looking Good
Automakers will cut 68,000 more vehicles out of their worldwide factory schedules this week because of the microchip shortage, according to the latest estimate from AutoForecast Solutions.
Automakers have been inching back to more normal supplies of chips all year, but they still have a long way to go. AutoForecast now warns that 200,000 more vehicles likely will be eliminated this month because of insufficient chip supplies. But its projection for the end-of-year total has been trimmed back by nearly 92,000 vehicles from the full-year forecast just one week ago.
Projections for loss by region are as follows:
- North America YTD – 1,485,670 (2022 Projected – 1,519,938)
- Europe YTD – 1,443,247 (2022 Projected – 1,529,410)
- Rest of Asia YTD – 808,438 (2022 Projected – 861,404)
- South America YTD – 217,699 (2022 Projected – 218,366)
- China YTD – 185,727 (2022 Projected – 216,638)
- Middle East/Africa YTD – 45,291 (2022 Projected – 47,733)
- Total YTD – 4,186,073 (2022 Projected – 4,393,489)
