IHS Markit Ltd

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Production Guidance

IHS Markit Says Light Vehicle Production Forecast Cut By 6.2%/5.02M Units In 2021

Published: 09/16/2021 18:17 GMT
IHS Markit Ltd (INFO) - Light Vehicle Production Forecast Cut by 6.2%/5.02m Units in 2021, by 9.3%/8.45m Units in 2022, to Stand at 75.8m Units & 82.6m Units, Respectively.
For 2023, Reduced Light Vehicle Production Forecast by 1.05m Units Or 1.1% to 92.0m Units.
Ihs Markit, on Light Vehicle Production Forecast Revision, Says This is Largest Single Adjustment to Outlook in What Has Been Turbulent Past 9 Months.
H2 of Year and Coming Months is Increasingly Defined by Back-end Issues Affecting All Semiconductor Applications and Not Just Automotive.
Ongoing Imbalances Between Supply and Demand of Semiconductors Are Now Expected.
Further Company Coverage: Infon ((reuters.