Automakers have cut about 63,400 vehicles from their production schedules over the previous three weeks because of the microchip shortage, according to the latest estimate by AutoForecast Solutions.
Most of those cuts occurred in North America, where automakers axed 56,642 vehicles from plans at their assembly plants since the forecasting firm’s Sept. 1 estimate.
Companies trimmed production plans by 4,381 units at their European factories in that time, with the remainder of the cuts occurring in small numbers at plants in Asia, South America, the Middle East and Africa.
While the microchip shortage is still ongoing, production issues related to it have become “somewhat muted,” said Sam Fiorani, AutoForecast Solutions’ vice president of global vehicle forecasting. Still, automakers and suppliers that do not stay on top of the issue could see problems stemming from the shortage going into 2024, he said in an email.