Over the past three years, manufacturers struggled to produce new vehicles because of disruptions caused by the global shortage of semiconductors.
“The auto companies were focusing on their more profitable vehicles and not building as many … less profitable vehicles because of the parts shortages, especially in chips,” said Susan Golicic, professor of supply chain management at Colorado State University.
To avoid another global chip shortage, Golicic said the auto industry has been working to develop additional chip suppliers and to build new plants and diversify their locations to be able to get those parts when needed. “The auto industry has a lot more inventory of finished cars and so the waits are not quite as long,” she said.
-via Yahoo Finance