European, North American Automakers Trim Vehicles From Production Schedules
European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
CarScoops
European auto factories trimmed 25,000 additional vehicles and North American automakers cut approximately the same number of vehicles from their production schedules last week amid the ongoing microchip shortage, according to the latest report on the situation by AutoForecast Solutions (AFS).
AFS now forecasts automakers will drop more than 3.1 million vehicles from their global 2022 plans because of inadequate chip availability. This figure is separate from other supply chain problems that may affect production.
The AFS forecast shows the impact of the shortage will gradually worsen this year. Even so, the AFS forecast added 800,000 vehicles to the full-year tally in just the last 60 days.
AFS projects Europe to complete 1.08 million units; North America to produce 1.03 units, and the rest of Asia to produce 696,000 units. The organization also projects China will produce 213,000 units, the Middle East/Africa, 22,000 units.
In total, AFS projects automakers to product 3,142,000 units globally.
Originally posted on Auto Dealer Today
More Industry
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →