Is the Chip Crisis Showing Signs of Improvement?
Production cuts because of a shortage of microchips slow.

Futurism.com
North American auto assembly plants represented most production cuts because of the global semiconductor chip shortage.
Though there were cuts, the goods news is they were modest when compared to the production cuts earlier this year. And globally, there were regions in the world that did not make any further factor reductions, according to a report from AutoForecast Solutions.
The latest estimates show automakers reduced production schedules by 22,000 vehicles worldwide last week. North American plants reduced production by 19,000 vehicles while Europe reduced vehicle production by 3,000.
AutoForecast Solutions had projected that North America would produce 3.4 million vehicles in 2021.The firm now forecasts it will produce 3.1 million vehicles.
Gartner predicts the semiconductor chip shortage will extend well into 2022 and warns there could be a year’s lead time for wafer orders. Forrester, meanwhile, predicts the shortage will persist into 2023.
Originally posted on Auto Dealer Today
More Industry

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →