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Chip shortage taking a toll on auto shipments, sales may follow

Cons. Discr. - Autos 1057 U.S. 4995

U.S. auto sales appeared to stage a significant recovery in March with a 59.7% year over year jump. Yet, that was down to the start of the pandemic a year ago with sales down by 1.1% compared to the same period of March 2019. The challenge for the automakers will be managing global supply chains in the face of the ongoing semiconductor shortage. U.S. imports of vehicles and components having declined by 7.8% year over year in February. U.S. seaborne imports of vehicles have continued to drop with a 7.4% year over year slide in March after a 16.4% dip in February. Shipments linked to Suba...

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