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- The global car chip shortage has significantly impacted vehicle production. In 2021, the world lost 11.3 million units of production due to the shortage, and the impact could be another 7 million units in 2022 and 1.6 million in 202312. The shortage has disrupted supply chains and may continue into 2022 and beyond3. Automakers were forced to cut 10.5 million vehicles from production in 2021 due to the semiconductor chip shortage4. Despite high demand for automotive chips, annual vehicle sales are forecast to be lower than the number of chips ordered5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The world will have lost 11.3 million units of production in 2021 because of the chip shortage, according to AutoForecast Solutions. Drive by any almost empty dealer lot to see what this looks like on the ground. The impact could be another 7 million units in 2022 and 1.6 million in 2023, IHS forecasts.www.motortrend.com/news/automotive-car-industr…And the analysts at AutoForecast Solutions expect that the chip shortage will result in around 3 million fewer vehicles being built in 2023; for context, in 2022, automakers faced a production shortfall of 4.5 million vehicles due to shortages, down from 10.5 million lost vehicles in 2021.arstechnica.com/cars/2022/12/automotive-chip-sho…The chip shortage that is disrupting global car production could continue into 2022 and even 2023, a leading German car industry figure has said. Covid had been a stress test for the industry, which needed a thorough review of its supply chains, Daimler chairman Ola Källenius said.www.bbc.co.uk/news/business-58465954The latest data from AutoForecast Solutions puts 2022’s total production cuts at 1.59 million vehicles, an increase of 259,000 since late March. In 2021, automakers were forced to cut 10.5 million vehicles from production as the semiconductor chip shortage worsened.caredge.com/guides/chip-shortageIn 2022, for instance, OEMs and Tier 1 suppliers are expected to place orders for enough automotive chips to outfit about 120 million new cars, but annual vehicle sales are forecast to be about 83 million. 2 Companies across industries are also placing more ad hoc orders, often at an unusually high average sales price.www.mckinsey.com/industries/semiconductors/our …
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