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Forecasting & Planning
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Automotive
Forecasting & Planning
Sales Performance & Marketing
Vehicle In Use
Automotive
Director, Global Heavy Truck Research, S&P Global Mobility
The global semiconductor shortages are having a significant impact on the automotive industries. It took a while to reach the Medium and Heavy Commercial Vehicle (MHCV) sector, but the impacts are now visible. The influence on production will be uneven across OEMs and countries, with some seemingly unaffected. Several MHCV OEMs will face constraints in the second quarter. Combined with other supply-side challenges, these losses may net out as much as 3% of first-half 2021 production in some regions, including Europe and North America. While IHS Markit believes the lingering effects of the chip shortage may cast a shadow as late as 2022, we expect that some of these first-half losses may be compensated for in the second half of the year.
Europe
Asia
Americas
Overall, the constraints are less than in the light vehicles business. According to our semiconductor experts, the shortage was made worse by special events in March (cold wave in Texas and fire at the Renesas plant, in Japan) and will continue throughout the 4th quarter of 2021 in the Automotive sector. For Medium and Heavy Commercial Vehicles, we assume that the OEMs have the potential to recover part of the lost volume in the second half of 2021.
Posted 21 April 2021 by Christiane Stein, Director, Global Heavy Truck Research, S&P Global Mobility