The global chip shortage that has curtailed car production over the past 12 months will ease by the end of this year as supply normalises, according to consensus within the industry.
However, there’s plenty of pain for new-car buyers to work through in the next few months as order banks continue to grow and manufacturers keep their focus on more profitable models.
It should have been a golden year. As economies recovered from the pandemic, customers with greater spending power than usual clamoured for new cars.
