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General Motors Is Stockpiling Unfinished Vehicles Due To Microchip Shortage
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General Motors Is Stockpiling Unfinished Vehicles Due To Microchip Shortage
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Automotive research firm AutoPacific has released its U.S. light vehicle sales forecast, predicting that total light vehicles sales will increase to 15.7 million units this year. That figure is a substantial 1.1-million unit increase over the 14.6 million units sold stateside in 2020.
Source: AutoPacific
AutoPacific cites the proliferation of COVID-19 vaccinations as a primary driver of vehicle sales growth, as well as an anticipated economic recovery, including for fleet sales as consumers return to travel for business and leisure.
“As Americans begin to travel by air again, both for business and pleasure, demand for rental cars will return,” said AutoPacific Vice President Ed Kim.