North American automotive production losses could total 900,000 vehicles in 2023 as semiconductor and other parts shortages continue to hamper the industry.
The estimate is the first given by AutoForecast Solutions in the new year, with the company marking the planned production of more than 900,000 vehicles in the region as at-risk.
European production could fall by nearly 800,000 vehicles, while the rest of Asia outside of China could lose production of more than 700,000 vehicles. China is expected to lose the production of nearly 200,000 vehicles.
The North American region is estimated to have lost the production of 3.29mn vehicles since January 2021, when semiconductor shortages began to curtail production in the region. Europe is estimated to have lost 2.62mn vehicles, China 1.13mn, and the rest of Asia 1.12mn vehicles.
