Oct 2022

Factory Production Shortages Soften

The forecast for lost 2022 factory production resulting from microchip shortages has softened by a small amount, according to the latest estimate from AutoForecast Solutions. But AFS predicts the year will still end with factories worldwide having eliminated 4.26 million vehicles from their plans this year because of inadequate chip supplies. That is modestly lower than the 4.39 million year-end total AFS forecast one week ago.

Projections for loss by region are as follows:

• North America YTD – 1,364,300 (2022 Projected – 1,484,900)
• Europe YTD – 1,102,300 (2022 Projected – 1,374,700)
• Rest of Asia YTD – 749,400 (2022 Projected – 910,200)
• South America YTD – 184,900 (2022 Projected – 186,200)
• China YTD – 172,900 (2022 Projected – 254,600)
• Middle East/Africa YTD – 41,800 (2022 Projected – 51,600)
• Total YTD – 3,615,600 (2022 Projected – 4,262,300)