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  2. According to automotive data analysts at S&P Global, the chip shortage's effect on new car production had waned by the middle of 2023. While the supply of semiconductors was still restricted, this had become the new normal, and vehicle manufacturers were now able to predict their availability and plan production accordingly.
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    Will chip shortages continue in 2023?Some chip shortages could remain through 2023 and into 2024, though supply of semiconductors and raw materials will generally improve in the auto sector. The auto sector can expect a strong year in 2023, with global car production up 3%. As semiconductor supply returns, global auto pricing should remain stable.
    Will a chip shortage affect car prices in 2023?Enlarge / Some analysts have estimated that the chip shortage has caused new car prices to rise by 16 percent in two years. We can expect continued disruption to the global semiconductor industry and, therefore, continued supply chain shortages in the automotive industry throughout 2023, according to a new report in the Financial Times.
    Why are chip shortages affecting the auto industry?In cars, they are needed for everything from entertainment systems to power steering. At the height of the chip shortage, global auto production slumped 26% during the first nine months of 2021. Find out why chip shortages heavily impact the auto industry and what lies ahead for 2023 as the outlook improves.
    How did the semiconductor shortage affect automakers in 2023?During the first half of 2023, however, losses identifiable as specifically related to the semiconductor shortage fell to about 524,000 units globally. Although the supply of semiconductors remains constrained, more predictable availability has allowed automakers to adapt their production schedules.
     
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