Global Industry Forecasts > Quarterly Industry Forecasts > Motor Vehicles

Global Industry Forecasts > Quarterly Industry Forecasts > Motor Vehicles

  • March 2021 •
  • 28 pages •
  • Report ID: 2537737 •
  • Format: PDF
The near-term outlook is clouded by the global shortage of semiconductors for auto parts. This is forcing major automakers to slash vehicle production in Q1 2021, with an estimated 1 million-unit hit to global light vehicle production in this period and some spillover into Q2 possible. Beyond this temporary supply disruption, the outlook for the global automotive market is solid, reflected by the rapid recovery in automotive sales and production since H2 2020.