Automakers are already beginning to alter production plans for 2023 because of the microchip shortage as the industry braces for millions more lost vehicles next year.
Stellantis, for example, has begun to taper back planned production of the Jeep Cherokee in 2023 because of the semiconductor shortage, said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions.
A spokesman for Stellantis declined to comment on future production plans.
The automotive industry can expect to lose between 2 million and 3 million units of planned production in 2023, on top of the 10.5 million lost in 2021 and the 3.6 million lost so far this year, Fiorani said.
"Slowly, more chips are being filtered into the auto industry," he said. "But when we see production of high-margin vehicles still being affected, we know that the answers still aren't here — and we're still seeing that."