Due to the global chip shortage, the auto industry is also inevitably hit, because of the chip supply shortage, this year's global car manufacturers generally reduce production, consumers have to pick up a car, waiting for a car longer.
According to the latest data from AutoForecast Solutions, the global auto market has lost 10.122 million units in total production this year as of December 5 due to chip shortages.
Among them, China's auto market has reached a cumulative production reduction of 1.82 million units, accounting for 19.6% of the total production reduction. AFS expects cumulative production cuts in the global auto market to climb to 11.324 million units this year, with cumulative production cuts in China expected to reach 2.148 million units, or 19 percent of the total.
In the domestic market, due to the shortage of chips, many car dealers have implemented the policy of selling vehicles at a higher price. They have taken the opportunity to gradually reduce the discounts for models with huge price discounts.
And the popular luxury models, the car purchase agreement signed before, there are also many dealers unilaterally reneged on the contract, near the car, asking the owner to increase the price of the car, so also exposed a lot of owners rights behavior.
However, in addition to the extension of delivery dates, car companies have also begun to reduce some features, such as BMW's removal of touch screen, Mercedes-benz's removal of a full-car window clamp function in some models, and GM's removal of automatic start and stop configuration.
New car makers in China have also been reported to pay high prices for chips. According to media reports, Ideal Automobile has purchased thousands of electronic parking parking (EPB) chips. The normal price of EPB chips is about 6 yuan per chip, but ideal automobile's purchase price is about 5,000 yuan per chip, 800 times higher than the normal price.
The good news, however, is that tech industry leaders are betting that the shortage will ease next year, and that recent improvements in car sales are proving that view.
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