Chip shortage continues for a year as new car shortages continue

It looks like the new car shortage will continue well into next year — maybe even longer — if recent statements from two industry leaders are to be believed.

The problem is a lack of semiconductors.

According to BMW boss Oliver Zipse, it should be a thorn in the side of car production until next year and possibly beyond.

Dealers are suffering from supply shortages and buyers have to wait months to get the car they want, with some inevitably postponing purchases until next year.

“We are still at the peak of the chip shortage,” said Mr. Zipse in a newspaper interview.

“I expect that we will see improvements next year at the latest, but we will still have to deal with a fundamental deficiency in 2023.”

His company, BMW, said at its annual press conference last month that it expects the chip shortage to continue throughout 2022.

Zipse’s comments followed similar forecasts by Volkswagen’s Arno Antlitz, who expects chip supply won’t match demand before 2024.