The latest numbers on the automotive microchip shortage

For 2023, AutoForecast Solutions estimates more than 2.7 million vehicles will be cut from automakers’ productions schedules because of the global semiconductor shortage.

2022 finished with nearly 4.4 million production cuts related to the chip shortage. In 2021, more than 10.5 million vehicles were lost. The bulk of cuts so far this year were in Asia outside China.

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