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  2. Latest Numbers on the Microchip Shortage
March 28, 2022 12:00 AM

The latest numbers on the microchip shortage: 96,300 more vehicles knocked out

Another 96,300 units were removed from production schedules over the past week due to the microchip shortage as the supply crisis continues to hamper production of even top-selling models.

John Irwin
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    Over the past week, 96,300 vehicles were cut from production plans worldwide because of the microchip shortage, according to AutoForecast Solutions.

    So far this year, about 1.25 million vehicles have been removed from factory schedules worldwide, according to AFS, which has monitored the chip shortage’s impact on vehicle assembly since last year.

    Most of the recent factory cuts occurred at European auto plants, where 79,100 cars and trucks were trimmed from plans. Another 14,200 vehicles were cut in North America, with smaller reductions reported elsewhere.

    Manufacturers have been prioritizing hot-selling and high-margin models to receive semiconductors, but the chip shortage continues to impact even those vehicles. GM said last week that it will halt production of light-duty Chevrolet Silverado and GMC Sierra pickups for two weeks because of the shortage.

    This month, Toyota Motor Corp. said it will cut its global production plan for April to 750,000 vehicles, down from a previous target of 900,000. The company said the move would make its production schedules “more reasonable in line with recent realities.”

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    The breakdown
     2022 YEAR TO DATE2022 PROJECTED
    Europe618,000 876,700
    North America308,700472,000
    Rest of Asia206,300415,100
    China*70,900175,400
    South America43,20044,900
    Middle East/Africa7,60017,600
    Total1,254,8002,001,700
    *Unchanged from a week earlier

    Source: AutoForecast Solutions Inc. autoforecastsolutions.com

    AutoForecast Solutions Inc.

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        • Haig: BUY-SELL Q&A: Value Of Buying vs. Benefit Of Selling Dealerships Today
        • Haig: Buy-Sell Q&A | Advisors add value to sales process
        • Haig: Buy-Sell Q&A | Navigating partial dealership sales
        • Haig: Buy-Sell Q&A | growth drives value
        • Haig: Buy-Sell Q&A: Future-proofing your dealership
        • Haig: Buy-Sell Q&A: What is the value of an M&A advisor?
        • Hesai Technology: Lidar technology continues to gain momentum
        • Hyundai: Great partnerships lead to great success
        • Hyundai: Hyundai's vision for the progress of humanity
        • JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing
        • KEYSIGHT TECHNOLOGIES AND MAHLE INDUSTRIES INC.: Plugging Away on Batteries Without Getting Jolted
        • Kerrigan Advisors: Interview with Baxter Auto Group
        • Kerrigan Advisors: Interview with Hitchcock Automotive
        • Kerrigan Advisors: Interview with Keyes Motors
        • Kinsel Motors: A century-long legacy sold to Aoggett Automotive Group - Family’s perspective on the sale and the future of auto retail
        • LUXOFT: How are software-defined vehicles disrupting the automotive industry?
        • Luxoft: See it, hear it, feel it: How driving assistants grab your attention
        • NEXTEER AUTOMOTIVE AND ETAS INC: Software-defined vehicles will transform auto industry
        • Nexteer: How megatrends like software & electrification are changing the auto industry & collaboration between OEMs & suppliers
        • OEC: How to understand what customers are saying when they’re not saying it
        • PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities
        • Pace Program Navigating advanced driver-assistance systems
        • Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership
        • REYNOLDS & REYNOLDS: Creating great retail customer experiences
        • REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? Take this quiz to find out
        • Rey and Rey: Automation and the future of automotive retail
        • Route One: Trends in vehicle buyer expectations
        • Routeone: Building a digital vehicle purchase path
        • Routeone: The benefits of robust dealership reporting tools
        • Schneider Electric: Can smart factories deliver on the net-zero promise of EVs?
        • Siemens: The impact of vehicle electrification and connectivity on electrical system design
        • Spectrum Reach: Is Your Advertising Reaching All Generations of Car Buyers?
        • Spectrum Reach: Playing to win: How automotive dealers can capitalize on sports marketing
        • Spectrum Reach: Use data and the power of multiscreen TV to drive more traffic
        • Swiss Re: Insurers and car manufacturers: how to unlock the potential of true collaboration
        • Syntax: Digital factory-as-a-service: The fast lane to digital transformation
        • Text2Drive: Digital retailing meets the service department
        • Trimble: The future of autonomous vehicles speeds ahead
        • Truist: Capitalize on the changing structure of auto retailing
        • Truist: Prepare now for the next era of automotive retailing
        • Tyler Technologies: A new national digital titling clearinghouse can accelerate vehicle purchases
        • URBAN SCIENCE: Parts & Service: Building the Service Operation of the Future
        • Urban Science: Promoting dealer-consumer alignment across continued industry evolution
        • Volta: Electric vehicles are here — Is your marketing department ready?
        • Walbridge: Video | Walbridge Chairman on how automotive companies are navigating the electrification boom
        • Western Digital: To Meet Consumer Demand, Automakers Must Double Down on Agile Development
        • Wipro: How generative AI becomes a catalyst in the softwarization of automobiles
        • Wipro: How to address safety and security for software-defined vehicles
        • Wipro: How today’s tech decisions drive tomorrow’s sales
        • Wipro: Software Helps Address the Affordability Challenge
        • Wipro: The Promise of Software-Defined Vehicles and the Cloud Car Ecosystem
        • Wipro: Video | Wipro CTO on how OEM's are leveraging software-defined vehicle technology
        • Notarize: What to expect for the future of auto sales
        • Seagate: Unlocking value from connected-car data
        • Amazon Web Services: AI-powered supply chain decision-making
        • Epic Games: Five ways in-car designs will change in the next five years
        • Haig Partners: How are dealerships being valued today?
        • Haig Partners: Dealership consolidation trends
        • Haig Partners: Dealership valuation trends
        • Haig Partners: Dealership succession planning
        • Ally: Navigating the future of automotive retailing
        • Google: How a century-old brand is transforming the auto industry
        • Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction?
        • Solera | DealerSocket: Four real-time integrations that can save your dealership time
        • Solera | DealerSocket: Time for a new pre-owned pricing tactic
        • Kerrigan Advisors: Blue Sky Update Q4 2021
        • Qualcomm: Trading multi-year design cycles for on-demand features and experiences
        • Twitter: EV adoption is happening...in an unexpected place
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