Nov 2022
Microchip Shortage: N.A. and Asia See More Cuts
AutoForecast Solutions estimates that North American auto plants will have to trim more than 10,000 additional vehicles out of their schedules this week, while plants in Asia outside of China will have to eliminate 32,000 planned vehicles.
2022 is still going to end with nearly 4.5 million cars and trucks knocked out of factory schedules because of the chip shortage, according to a new projection from AutoForecast Solutions. That is far below the 10.5 million vehicles that had to be cut from automakers’ plans last year. But schedules continue to be pared back because of the shortage.
According to AutoForecast Solutions, the auto plants of Europe face an additional 168,000 cuts between now and the end of the year.
Projections for loss by region are as follows:
- North America YTD – 1,485,700 (2022 Projected – 1,546,700)
- Europe YTD – 1,386,700 (2022 Projected – 1,555,300)
- Rest of Asia YTD – 796,500 (2022 Projected – 880,700)
- South America YTD – 217,700 (2022 Projected – 218,400)
- China YTD – 185,700 (2022 Projected – 234,100)
- Middle East/Africa YTD – 45,300 (2022 Projected – 50,200)
- Total YTD – 4,117,600 (2022 Projected – 4,485,300)
