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Effective URL: https://www.providers-administrators.com/366483/is-the-chip-crisis-showing-signs-of-improvement?utm_source=email&utm_medium=enewsletter&u...
Submission: On November 25 via api from US — Scanned from DE
Effective URL: https://www.providers-administrators.com/366483/is-the-chip-crisis-showing-signs-of-improvement?utm_source=email&utm_medium=enewsletter&u...
Submission: On November 25 via api from US — Scanned from DE
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<strong>We respect your data and privacy.</strong><br> By clicking the submit button below, you are agreeing with Bobit Business Media’s <a href="https://www.bobitbusinessmedia.com/privacy-policy/" target="_blank">Privacy Policy</a> and
this outlined <a href="https://www.bobitbusinessmedia.com/privacy-policy/20045-18/" target="_blank">level of consent</a>.
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* Topics * Essentials * Services Close * Home * Industry * Product & Technology * Compliance * Meet the Executive * Summit Updates * Actuary * Awards * News * Articles * Whitepapers * Jobs * Magazine * Subscription * Advertise * Contact Us * Privacy Policy * Bobit Business Media * Marketing Solutions Search Search * News * Articles * Photos * Videos * Whitepapers * Magazine * Advertise Search Close Menu Log In Create Your Account Search Log In Create Your Account * * Industry * Product & Technology * Compliance * Meet the Executive * Summit Updates * Actuary * Awards * Warranty Chain Management INDUSTRY IS THE CHIP CRISIS SHOWING SIGNS OF IMPROVEMENT? November 23, 2021 • by ADT Staff • Bookmark + AddThis Sharing Buttons Share to FacebookFacebookShare to TwitterTwitterShare to LinkedInLinkedInShare to EmailEmail Futurism.com North American auto assembly plants represented most production cuts because of the global semiconductor chip shortage. Though there were cuts, the goods news is they were modest when compared to the production cuts earlier this year. And globally, there were regions in the world that did not make any further factor reductions, according to a report from AutoForecast Solutions. The latest estimates show automakers reduced production schedules by 22,000 vehicles worldwide last week. North American plants reduced production by 19,000 vehicles while Europe reduced vehicle production by 3,000. AutoForecast Solutions had projected that North America would produce 3.4 million vehicles in 2021.The firm now forecasts it will produce 3.1 million vehicles. Gartner predicts the semiconductor chip shortage will extend well into 2022 and warns there could be a year’s lead time for wafer orders. Forrester, meanwhile, predicts the shortage will persist into 2023. Originally posted on Auto Dealer Today Read more about auto production inventory sales forecast North American Automotive Production Outlook 1 COMMENTS Comment Please enter a comment. Name Please enter your name. Email Address Please enter a valid email address. Post Please validate that you are human. * * 1. * Jay O'Shaunessy * November 24, 2021 @ 12:50 AM When the chips are down, it's time to hold ...that still-running old car. See all comments More INDUSTRY * NEWS * * * Bookmark + EXPERTS WEIGH THE PROS AND CONS OF BIDEN’S EV GRANTS Some says the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration. * NEWS * * * Bookmark + BLACK BOOK: WEEKLY MARKET REPORT Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season. * NEWS * * * Bookmark + FORD ENTERS AGREEMENT TO BOOST CHIP SUPPLIES Ford Motor Co. partners with chip maker GlobalFoundries to address the auto industry’s semiconductor supply shortfalls. * NEWS * * * Bookmark + J.D. POWER ANNOUNCES 2022 U.S. ALG RESIDUAL VALUE AWARDS The J.D. Power U.S. ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price. * NEWS * * * Bookmark + LATEST HAIG REPORT TRACKS TRENDS IN AUTO RETAIL AND IMPACT ON DEALERSHIP VALUES Highlights include a significant spike in dealership profits and skyrocketing demand from dealership groups that want to acquire more stores. * NEWS * * * Bookmark + BEZOS-BACKED RIVIAN’S METEORIC RISE REPRESENTS A FUNDAMENTAL CHANGE IN THE VALUATION OF AUTOMOTIVE STOCKS The Rivian value debate demonstrates how investors can be split into two categories: those that make decisions based on recognizing future themes and those that invest based on traditional financial performance metrics * NEWS * * * Bookmark + COX AUTOMOTIVE: AS MORE AMERICANS CHOOSE EVS, PRICE AND RANGE CONTINUE TO HOLD BACK THE MARKET The 2021 Cox Automotive Path to EV Adoption Study provides a look at the major consumer barriers that continue to slow EV adoption. * NEWS * * * Bookmark + BIDEN SIGNS $1 TRILLION INFRASTRUCTURE BILL INTO LAW President Biden signed into law a nearly $1 trillion infrastructure bill to repair the nation’s aging roads and bridges, upgrade the electrical grid, and expand access to broadband Internet. * NEWS * * * Bookmark + U.S. SUPREME COURT REJECTS VOLKSWAGEN APPEALS REGARDING EMISSION TAMPERING The U.S. Supreme Court has rejected Volkswagen AG's appeal to avoid lawsuits seeking damages over the automaker's alleged diesel emissions tampering. * NEWS * * * Bookmark + BLACK BOOK: MARKET INSIGHTS Calendar year 2021 has not had typical seasonality patterns as the market has had rapid increases in wholesale values for the majority of the year. Newsletter We respect your data and privacy. By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent. Email Submit * View the latest: * P&A Review * P&A eMagazine Load More MORE FROM THE WORLD OF F&I AND DEALER OPERATIONS Your Daily Operations Magazine The Industry's Leading Source for F&I, Sales and Technology The Industry's Source for Automotive and Powersports Agents Don't miss another story We respect your data and privacy. By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent. 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