Tuesday, December 6, 2022
News More than 2.2 Million New Vehicles Have Not Been Built in 2022...

More than 2.2 Million New Vehicles Have Not Been Built in 2022 Due to the Chip Shortage

We’re barely halfway through 2022 and we’ve already surpassed the 2/3 mark in projected output drops

  • The exact number is 2.23 million and climbing.

  • Automakers are focusing on high-end big-profit models over affordable entry-level ones.

The news isn’t exactly good, especially if you plan on buying a new vehicle before year’s end. So far this year up until May inclusively, more than 2.2 million new vehicles were cut from automaker production worldwide.

European output has been the hardest hit with 794,100 fewer new vehicles built so far this year. North America comes in second place with 780,800 cuts. These numbers are the latest based on the 234,200 vehicles added to the no-build list last week. The estimate includes 205,200 vehicles that failed to be built in North America alone.

Consumers hoping for an affordable new vehicle are the most affected, in a way, as automakers continue to prioritize high-end, big-profit models according to Automotive News.

Finally, the projected 2022 cuts tallied at just shy of 3,040,900 units for all markets and continents. So far this year, from January to May, we’ve already reached 2,230,400 units meaning that unless something drastic happens soon, the projected numbers will be reached much sooner rather than later.

Trending Now

BMW M CEO Says There is Room for an M4 CS: Report

Last M4 CS was a farewell to that generation of the M4 Could offer 540hp, CSL carbon goodies BMW might be planning another go...

The degradation of batteries is concerning in the UK

When the battery capacity reaches 80 %, its life cycle is near its useful cycle. Battery degradation varies from car models. EV owners...

The Second Generation of the Volkswagen ID.3 will be Unveiled Next Spring.

Due to delivery delays, orders placed starting now will be for the updated model. This is likely only a refresh of the current...

Volkswagen Group’s First North American Battery Plant Could be in Canada

The automaker’s PowerCo battery subsidiary said it is now looking at potential sites in Canada for a new battery plant. VW’s partner, Umicore,...

Renault and Nissan Postpone an Announcement About a Planned Restructuration

The Renault-Nissan Alliance has been tumultuous over the last few years. Both companies had planned an announcement about a future restructuring this week. ...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.