Nov 2022
Microchip Shortage: Losses in America
About 23,900 units were added to AutoForecast Solutions’ tally of the number of vehicles removed from automakers’ production plans because of the microchip shortage this year.
Roughly 33,900 were cut at North American plants, with another 5,200 being axed in South America. But the AFS estimate for the number of cuts at plants in Asia outside of China improved by about 15,200 units from the prior week’s estimate, offsetting some of the losses in the Americas.
Ford and Stellantis are among the automakers that continue to show “production hiccups” that are limiting the number of vehicles they produce, said Sam Fiorani, AFS vice president of global vehicle forecasting, in an email. Still, production in China has been stabilizing, helping to limit the number of global vehicle losses.
Projections for loss by region are as follows:
- North America YTD – 1,420,400 (2022 Projected – 1,486,500)
- Europe YTD – 1,351,400 (2022 Projected – 1,520,000)
- Rest of Asia YTD – 749,400 (2022 Projected – 833,500)
- South America YTD – 190,100 (2022 Projected – 190,700)
- China YTD – 172,900 (2022 Projected – 221,300)
- Middle East/Africa YTD – 44,700 (2022 Projected – 49,600)
- Total YTD – 3,928,900 (2022 Projected – 4,301,500)
