March U.S. new-vehicle sales are projected to drop 24 to 26 percent, with the annualized sales pace falling to 12.7 million to 13.1 million, down from 17.79 million in March 2021, and well below January and February levels.
Senate passes $52 billion bill to boost U.S. microchip manufacturing
A persistent global shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production, and there have been growing calls to decrease reliance on foreign semiconductors.
Universal gives first look at affordable ‘Catchlight Crossings’ community