Global Vehicle Shortage Causes Delays Across Canada

A global vehicle shortage has caused delays across Canada for those on the hunt for a new car, with no end in sight until 2023.

A global vehicle shortage has caused delays across Canada for those on the hunt for a new car, with no end in sight until 2023.

No vehicle manufacturer is immune to this shortage.

Last year, Canada produced just over 1.1 million light vehicles. This is the lowest level of production since 1967.

The low production numbers, down from 1.4 million in 2020 and close to 2 million in 2019, came as the auto sector globally was hit by a shortage of semiconductor chips caused by pandemic-related production issues and a surge in demand for electronics.

Supplier countries are facing issues due to ongoing supply chain problems which is also causing a delay for buyers around the world.