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.