Nearly 10m fewer cars were built this year due to supply chain issues and a semiconductor shortage, analysts say.
Research by market intelligence group LMC Automotive estimated a 9.6m global shortfall in the number of light vehicles produced through 2021. European carmakers are expected to have suffered the biggest hit, producing 3m fewer vehicles as they struggled to get hold of supplies.
Semiconductors have been one of the biggest pain points in global supply chains, with delays, production disruption and hoarding spurred by the Covid-19 pandemic leading to a severe shortage.
The crisis is still running, LMC said, with the situation for car makers unlikely to substantially improve until the second half of 2022, and the gulf between chip demand and supply taking until 2023 to close.
Justin Cox, the group’s head of global production, said the outlook had improved slightly in recent weeks as emergency measures boosted production.