Shortage of semiconductors: the situation is improving, but it is still problematic
Although waiting times are slowly starting to shorten at some manufacturers and the yards of some dealerships are getting busier, the supply problems are far from over. New statistics from AutoForecast Solutions demonstrate that there is still a long way to go before everything gets back to normal.
At the time of this writing, 134,600 vehicles had not been built in Canadian, American and Mexican auto plants due to a glaring lack of parts, including semiconductors responsible for the proper functioning of modern vehicles.
Among the world’s major manufacturing powers, the North American auto industry currently sits in third place behind Asia and Europe, which are recording losses of 191,600 and 137,600 vehicles respectively. In total, since the start of 2023, the data shows that 557,800 vehicles could not be built worldwide due to shortages.
However, there is a glimmer of hope, because if we compare the figures for 2023 to those of 2021 and 2022, we realize that the situation is improving, slowly but surely. For reference, if by the end of 2022 more than 4.4 million vehicles had not been built worldwide, AutoForecast Solutions predicts that 2023 will end with just over 2.8 million fewer vehicles, a marked improvement on previous years. These statistics are nonetheless alarming.
Despite a bit of good news, the North American auto industry had to halt production of 25,600 vehicles last week, a blow for workers.
