![]() ![]() That's about half of the 3.25 million fewer vehicles built in the region in 2021.įurther, the impact of the chip shortage globally substantially declined from 2021 to 2022.Īcross the globe, automakers built about 4.38 million fewer cars last year, down from 11 million vehicles impacted world-wide the year before, according to AutoForecast Solutions. ![]() Sure enough, in 2022, automakers built 1.62 million fewer vehicles than expected in North America because of the chip shortage, per an AutoForecast Solutions estimate. The easing of the shortage could mean shoppers don't have to pay so much for limited choices. The chip shortage forced automakers to prioritize only their money-making models and slash valuable features, which shrunk dealership inventory levels, and drove up the prices of new and used vehicles. Towards the end of December, it appeared as though the chip shortage was going to have a lesser impact on 2022 than it did the year before. Weary car-buyers may stand to benefit from the waning impact of the chip shortage on today's vehicle inventory. ![]()
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