News

Analyst: Expect 2.6M Fewer New Cars through 2023

Order Reprints
new car

Mar. 21, 2022—An analysis of global vehicle manufacturing estimates that 2.6 million fewer new vehicles will be produced over the coming year.

Marketplace reports that disruptions from the Russian invasion of Ukraine, COVID-19 lockdowns, and a recent earthquake in Japan are among multiple factors that are slowing vehicle production. Many new issues are compounding existing supply chain difficulties.

This news also comes amid spiking new and used vehicle prices.


Recommended Products

2014 FenderBender Tech+Tools Survey: Complete Report

2016 FenderBender KPI Survey: Complete Report

Related Articles

Mobility as a Service Market to Grow Rapidly Through 2023

CollisionCast: Fixing Cars with Fewer People

You must login or register in order to post a comment.