Global Semiconductor Shortage Impact Assessment Update on Vehicle Production
Global Semiconductor Shortage Impact Assessment Update on Vehicle Production
Source: LMC Automotive
Semiconductor shortages continue to undermine H1 2021 LV output in all regions and the disruption is now expected to extend in H2 2021.
While the impact in Q1 (1.2mn units) is a little less than we had originally expected in March, the hit to LV production in Q2 has tripled to over 1.7mn units.
Earlier signs in March had pointed to an easing in the scale of disruption. However, OEM production suspensions, shift pattern reductions, build-rate cuts and even producing sellable vehicles without chip-heavy options or content, have intensified in Q2.
