How many makes of cars are there

The chip deficit was further complicated by a fire at plant owned by chipmaker Renesas Electronics in Japan. The damage was extensive and the plant is not yet up to full production, but they are hoping it will reach full production in June, Krebs said. Barra said GM expected chip supplies to return to normal in the second half of the year.

The Alliance for Auto Innovation, the trade group that represents automakers, said the shortage could hurt auto production for another six months and result in 1.

So it is critical for automakers to get as many chips as possible to keep assembly lines moving to mitigate losses. More: Bad quarter and year as auto industry to lose billions from chip deficit.

It remains unclear whether automakers might be able to make up that production and any revenue losses over time, Krebs said. As a result, inventories are extremely low while consumer demand is extremely high. That means vehicle prices are high. The average listing price was 5. Used car prices are also high because with new cars not moving, trade-ins aren't happening creating a shortage ofused cars.

Many automakers have idled factories and stopped making some vehicles altogether so as to ship whatever chips they can get to more in-demand highly profitable vehicles such as pickups and SUVs. Once the chips arrive, those vehicles are put through final assembly and shipped to dealers. But the delay can be weeks. In the meantime, supply of new vehicles is at an all-time low, Krebs said. Used supply is slowly rising due to a slowing sales pace.

These trends likely will continue over the coming weeks since there is little that could change the current situation, Krebs said. More: Chip shortage makes finding perfect car a challenge but could help get you out of a lease.

Cars use the chips in a variety of electronics systems. One car part could use to 1, chips depending on the complexity of the part. The providers are building out more capacity.

And that'll get better and better over the next 12 to 18 months. Increase Live :. Number Of Cars:. Worldwide Automobile Productions The automobile is one of the most important means of transportation today. The Number of cars, busses and trucks is increasing every day.

Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member? Log in. Show detailed source information? Register for free Already a member? More information. Supplementary notes. Other statistics on the topic. Vehicle Manufacturing Class 8 truck manufacturers - sales Mathilde Carlier. Research Expert covering transportation and logistics.

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