Jun 2023
Microchip Shortage: More Cuts in Europe & Asia
Automakers cut about 41,700 more vehicles from their production plans last week because of microchip shortages, according to the latest estimate by AutoForecast Solutions. Most of those losses were at assembly plants in Europe and China. Europe axed about 16,400 vehicles from production schedules last week, while about 15,500 were removed in China. About 8,000 were eliminated from plans at factories in the rest of Asia, while plants in the Middle East and Africa cut 1,700 vehicles.
For the second consecutive week, no further microchip-related production cuts were made at North American factories, which have been hit harder by the shortage than those in other regions. Likewise, South American assembly plans were unaffected by semiconductor supply, AutoForecast Solutions said.
Projections for loss by region are as follows:
- North America YTD – 598,671 (2023 Projected – 1,118,010)
- Europe YTD – 338,689 (2023 Projected – 718,500)
- Rest of Asia YTD – 90,098 (2023 Projected – 526,940)
- South America YTD – 10,472 (2023 Projected – 98,366)
- China YTD – 265,622 (2023 Projected – 338,297)
- Middle East/Africa YTD – 21,061 (2023 Projected – 23,557)
- Total YTD – 1,324,612 (2023 Projected – 2,823,670)
