According to AutoForecast Solutions, the number of reported vehicles cut from this year’s production forecast due to the microchip shortage may be underreported. So far this year, 3 million vehicles have been cut from automaker’s production schedules worldwide.
This week an additional 66,800 vehicles were added to the total. This brings the year-to-date total of vehicles cut because of production issues related to the microchip shortage to nearly 3.1 million. In 2021, about 10.5 million vehicles were cut from production for the same reason.
Sam Fiorani, AutoForecast’s Vice President of Global Vehicle Forecasting, stated in an email that the count may be significantly higher than the official reporting numbers.
“Outside factors have allowed the lost weekly volumes attributed to semiconductors to be hidden,” Fiorani wrote. “There are now more reasons for shutting down plants, including more parts shortages affected by the global supply chain.”
The thought is that shutdowns in production facilities are masking the actual number of manufacturers that have had to cut vehicles from production schedules because of microchip shortages.
Last week, plants in North America cut 22,300 vehicles from production plans. China cut 17,600, followed in volume by 13,400 in Asia, 8,800 in Europe, 3,200 in South America, and 1,500 in the Middle East and Africa. These numbers come from autoforcastsolutions.com.
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