Latest figures on car microchip shortage

Any year-old notions that manufacturers would solve their microchip supply woes by the end of 2022 are proving wildly optimistic.

AutoForecast Solutions estimates that North American auto plants will have to phase out more than 10,000 additional vehicles this week, while plants in Asia outside of China will have to phase out 32,000 planned vehicles.

An industry-wide effort to address a global shortage of microchips has helped automakers avoid the severe production problems they faced last year.

But according to a new forecast from AutoForecast Solutions, 2022 will still end with nearly 4.5 million cars and trucks knocked off the factory schedule due to chip shortages.

That’s well below the 10.5 million cars that automakers had to cut from plans last year. But schedules continue to shrink due to shortages.

According to AutoForecast Solutions, auto plants in Europe face an additional 168,000 layoffs between now and the end of the year.