Global vehicle sales expected to increase by 6% in 2022 as the chip crisis subsides

2021 has been a year in which the automotive world struggled with problems in the semiconductor supply chain. On the other hand, it is predicted that the crisis will ease a little this year and allow global sales to increase by around 6 percent.

According to the forecasts of market analysis firm LMC Automotive, such an increase will increase global sales to around 85 million units. Moreover, this rise will occur equally in different regions. Sales in Europe will increase by 7 percent to 17.8 million, the American market will increase by 6 percent to 18.7 million, and China will increase by 5 percent to 26.6 million.

On the other hand, a full recovery will not be possible for the automotive sector this year. The crisis will make its effects felt at least until the third quarter of 2022 and European manufacturers will continue to have difficulties in meeting customer demand during the first half of the year.

“We will not be able to escape the chip crisis this year, but it looks like the volume of production cuts will be half of last year,” the statement in Automotive News said. statements are included. The firm also estimates that the ‘complete production stoppage’ actions, which we frequently saw last year due to the crisis, will not start from the second quarter of this year.