Analyst: Expect 2.6M Fewer New Cars through 2023

March 21, 2022

Vehicle manufacturers are getting hit with new challenges on multiple fronts.

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.

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have a combined two-plus decades of journalism and collision repair experience.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.