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January 08, 2023 12:00 AM

The latest numbers on the microchip shortage: 2.7M vehicle cuts forecast for 2023

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

Omari Gardner
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    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.

    The breakdown
     2023 YEAR TO DATE2023 PROJECTED
    North America24,700907,500
    Europe11,700793,000
    Rest of Asia170,000718,600
    South America13,000138,400
    China200194,200
    Middle East/Africa021,300
    Total219,7002,773,000
    *Unchanged from a week earlier

    Source: AutoForecast Solutions Inc. autoforecastsolutions.com

    AutoForecast Solutions Inc.

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