The latest numbers on the automotive microchip shortage

Automakers trimmed one other quarter of one million automobiles out of their world manufacturing plans final week due to the ongoing worldwide shortage of microchips, in line with a brand new estimate by AutoForecast Solutions.

But North American auto vegetation accounted for less than a small a part of these cuts. 

European factories trimmed greater than 200,000 automobiles from their plans, in line with AFS, whereas manufacturing traces in North America minimize fewer than 4,000 automobiles.

It is the second consecutive week during which the North American business has wanted to trim manufacturing plans by fewer than 10,000 automobiles. But which may be small comfort in gentle of the 2.9 million automobiles North American vegetation have already minimize this 12 months due to the chip shortage. 

As a results of fewer automobiles and vans rolling off manufacturing unit traces, U.S. retail gross sales took an almost 13 % tumble for the third quarter, regardless of the present shopper zeal to purchase, and in contrast with a year-earlier interval when the economic system was nonetheless hamstrung by COVID-19 worries.

General Motors CEO Mary Barra informed Fox Business final week that GM expects some enchancment in the chip shortage in the fourth quarter. She mentioned she sees “continued improvement” into 2022. 

AFS now forecasts that North America, by itself, will see roughly 300,000 extra automobiles trimmed from manufacturing unit schedules in the months forward. 

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