The number of vehicles cut at North American plants so far this year because of the microchip shortage more than tripled last week, according to the latest estimate by AutoForecast Solutions, which added about 343,800 vehicles to its forecast.
Automakers are front-loading their production cutbacks because of the ongoing shortage, which is expected to improve in the second half of the year, said Sam Fiorani, the company’s vice president of global vehicle forecasting.
Meanwhile, the outlook in most other markets improved from the previous week.
Source: AutoForecast Solutions Inc. autoforecastsolutions.com
This article was originally published by Autonews.com. Read the original article here.