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February 26, 2023 12:00 AM

The latest numbers on the microchip shortage: Europe feels a new pinch

The latest flare-up in automotive chip shortages is hitting Europe's factories, causing some 91,000 cuts

Lindsay Chappell
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    European auto plants took a fresh hit from the global semiconductor shortage and will cut nearly 91,000 vehicles out their production schedules for this week as a result.

    The worldwide impact of the chip shortage continues to inconvenience the auto industry, according to the newest forecast from AutoForecast Solutions, which has tracked the crisis since it materialized in early 2021. 

    Recent weeks of regional flare-ups of the problem have taken a toll on the global total so far this year. One week ago, AFS tallied another 147,000 chip-related factory cutbacks, much of them in North America. 

    But with chip supplies and workarounds improving, AFS’ year-end global forecast for lost production has not materially changed. It still estimates that worldwide production cuts due to missing microchips will reach 2.8 million cars and trucks by the end of 2023, more than 900,000 of them occurring at North American factories.

    The breakdown
     2023 YEAR TO DATE2023 PROJECTED
    Rest of Asia191,600709,600
    Europe137,600828,500
    North America109,000914,000
    China70,600188,300
    South America20,200134,900
    Middle East/Africa3,20019,800
    Total532,1002,795,200
    *Unchanged from a week earlier

    Source: AutoForecast Solutions Inc. autoforecastsolutions.com

    AutoForecast Solutions Inc.

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