According to AutoForecast Solutions, the number of reported vehicles cut from this year’s production forecast due to microchip shortages may be underreported. So far this year, 3 million vehicles have been cut from automakers’ production schedules worldwide.
This week, an additional 66,800 vehicles were added to the total. This brings the total number of vehicles cut since the start of the year to almost 3.1 million due to production problems related to the shortage of microchips. In 2021, around 10.5 million vehicles were taken out of production for the same reason.
Sam Fiorani, vice president of global vehicle forecasting at AutoForecast, said in an email that the number could be significantly higher than official figures.
“External factors helped hide the lost weekly volumes attributed to semiconductors,” Fiorani wrote. “There are now more reasons to close factories, including more parts shortages affected by the global supply chain.”
The idea is that production facility closures mask the true number of manufacturers who have had to remove vehicles from production schedules due to microchip shortages.
Last week, factories in North America pulled 22,300 vehicles from production plans. China cut 17,600, followed in volume by 13,400 in Asia, 8,800 in Europe, 3,200 in South America and 1,500 in the Middle East and Africa. These figures come from autoforcastsolutions.com.
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