The chip crisis is still here: the volume of global production decreased by 4.4 million cars in 2022

The global automotive industry is still struggling to overcome the supply chain and chip crises.

Data published by AutoForecast Solutions, a company specializing in the collection and analysis of automotive industry information, shows that by the end of the year, the production volume of the automotive industry decreased by 4.4 million cars due to the lack of chips.

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A report published by the company reveals that just last week, North American car factories cut 79,000 units from their production volume due to the lack of chips, and that by the end of the year, the volume of car production in North America decreased by more than 1.5 million vehicles.

Even in Europe the situation is not encouraging and there by the end of the year the scope of the cut in production will reach more than 1.5 million cars.

Production in Asia (without the Chinese market) was also significantly affected and will amount to a cut of almost 850 thousand vehicles by the end of the year.

Surprisingly, the automobile industry in China suffers less from the chip crisis than in the West - mainly thanks to the self-production of chips by some of the car giants in China.

According to the report, by the end of the year, the volume of production decreased by only 221,000 vehicles.

Other manufacturing markets that suffered less from the chip crisis, partly because they produce relatively basic vehicles, are the South American market, where production was reduced by 216,000 cars, and the African market, where production was reduced by less than 50,000 vehicles by the end of the year.

As of now, the automobile industry is slowly starting to recover from the crisis, but 2023 is also expected to be a year of chip shortages that will affect production volumes and, as a result, delivery times for new cars.

Today, quite a few of the requested models are sold in Israel, creating a waiting time that reaches more than six months from the time the order is placed.

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