Chip crisis: the auto industry will lose 180 billion euros in 2021

A loss that for the global automotive industry, are in 2021, can now be quantified in 210 billion dollars, or about 180 billion euros. This is the harsh response of the experts of the analyst firm AlixPartners on the effects of the microchip crisis, which is slowing or even stopping assembly lines due to a lack of electronic components. A situation that is not in the process of being resolved at all and that indeed seems to worsen progressively and clearly. Last May alone, AlixPartners itself had indicated an estimated loss of 110 billion dollars, 93.7 billion euros, caused by the lack of production of 3.9 million vehicles. Today the estimates pass to a loss of 7.7 million in lost vehicles globally.

Progressive pessimism

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The crisis is not limited to the United States, because virtually every car manufacturer from Berlin to Beijing has been affected. Total production volumes were expected for over 83 million vehicles, which have now drastically dropped below 77 million. “Instead of easing, the semiconductor crisis has been exacerbated by further critical issues in Malaysia and persistent problems in other countries, and by other variables such as the sharp rise in raw material costs and the further acceleration of electrification,” explains Dario Duse , Managing Director of the Italian branch of AlixPartner. The evaluations now seem even more pessimistic than those provided only in recent days by the equally authoritative analysis company Ihs Markit, which in recent days was fixing the 2021 production loss to 5 million vehicles, with a worrying acceleration expected in 2022. down by 8.5 million units.