As the auto industry continues to be plagued by shortages, General Motors has 95,000 vehicles that are waiting for parts. Can’t seem to track down the brand-new automobile you’d want to purchase? It is possible that it is currently stuck at a plant while it waits for essential components.
Gm Has 95,000 Vehicles Waiting for Parts as Shortages Continue to Slam the Auto Industry
On Friday, General Motors disclosed that the company is now holding 95,000 automobiles that were assembled without computer chips or other components. According to the corporation, the majority were produced in the month of June.
In a file with the regulatory authorities, GM explained the delay by saying that it was due to “the timing of semiconductor shipments and other supply chain delays.” By the end of 2022, the company intends to have the vehicles’ missing components installed and to have shipped them to dealers.
Car manufacturing has been held down for the majority of the pandemic due to a global shortage of semiconductor chips, which are used throughout modern automobiles in safety systems and other electronics. This has reduced the number of new cars that are available for purchase. Some of the most influential people in the industry anticipate that the supply won’t start to recover until 2024.
GM reported that it sold 582,401 vehicles during the second quarter of 2022, which is a decrease of 15 percent when compared to the same time period in 2021.