The Great American Car Shortage won't be over for months
CNN
New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren't expected to begin recovering until September -— and will remain well below their pre-pandemic levels through next year, according to Goldman Sachs.
Automakers in recent weeks have sharply revised down their production schedules as they struggle to work around the shortage of computer chips, which control dozens of functions in all modern vehicles. In a report released Wednesday, Goldman Sachs said it expects new car inventories to fall further in August, to around 1 million, before beginning to steadily rebuild in September. Inventories will remain well below their pre-pandemic levels through 2022. Earlier this month, General Motors said it would stop making most of its full-size pickup trucks for a week due to semiconductor supply constraints.
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