A forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
IHS Markit slashed its production forecast for this year by 6.2% -- or 5.02 million vehicles -- and lowered its projection for next year by 9.3%, or 8.45 million cars and trucks. The researcher also trimmed its 2023 estimate by 1.1%, or 1.05 million units.
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September 17, 2021 at 07:11PM
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Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged - Bloomberg
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