Auto parts suppliers’ sales mixed amid chip shortageBy Chen Cheng-hui / Staff reporterAuto parts suppliers last week reported mixed sales performances for last month, as shipments of gasoline-powered and electric vehicles continued to be affected by tight auto chip supply for tier-one parts suppliers and automakers. A worker assembles vehicle parts at a factory in Xinyu, China, on April 27 last year. “Generally, electric vehicle and electrification-related supply chain firms saw sales grow in August,” Yuanta analysts said in the note. The auto chip shortage has forced automakers worldwide to trim production, pushing passenger vehicle sales in China to fall 15 percent year-on-year to 1.45 million units last month, while sales of light vehicles in the US dropped 17 percent to 1.09 million units, Yuanta said, citing industry tallies. “Amid low car inventory levels in the US and China and with high used car prices, we believe slower-than-expected car sales are mainly owing to supply chain disruptions rather than a car demand decline,” they said.

Source: Taipei Times September 12, 2021 15:56 UTC