The chip shortage has pummeled the global auto industry for years, depressing dealership inventory levels and driving up new and used vehicle prices. But experts from AutoForecast Solutions say that by the end of 2022, the semiconductor shortage won't be nearly as bad as it was last year.
How long will the automotive chip shortage last?
They can't easily swap in a more complex chip for an older one that has already been through safety testing. We're going to get a lot more semiconductor capacity in the second half of 2022 – we're nearing the end of the supply crunch, said Sandeep Deshpande, Head of European Technology Research for JP Morgan.