The global shortage of microchips that has bedeviled the industry, from auto plants to retailers to consumers, appears to be drawing to a close in the final weeks of 2023, according to the most recent data from AutoForecast Solutions.
The estimate projects that just over 8,100 vehicles will be chopped from factory schedules this week because chip shortages.
Plants in Asia outside China will drop 3,000 vehicles from production schedules this week, and auto plants in North America will cut about 2,800 autos because of a lack of chips, according to AutoForecast Solutions, which has tracked the shortage weekly since it emerged as a worldwide production crisis in early 2021.
The forecast anticipates that global automakers will have dropped 2,466,016 cars and trucks combined from factory plans during 2023, down from 4,388,328 last year. It projects that only 20,000 more vehicles will have to be cut from schedules between now and the end of the year.