Car chip shortage 2023

We can expect continued disruption to the global semiconductor industry and, therefore, continued supply chain shortages in the automotive industry throughout 2023, according to a new report in the Financial Times.

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.

Sparse inventory and manufacturing slowdowns turned the automotive industry upside down. Some marques like Toyota have alerted investors and customers that persistent shortages will hamper production of key vehicles in 2023.