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OWYONG
2021-09-17

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Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged

IHS cuts production view through 2023 by 14.5 million cars Industry struggles to come to grips with

Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged

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JiaJun87
·2021-09-17
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The researcher also trimmed its 2023 estimate by 1.1%, or 1.05 million units.</p>\n<p>“This is the largest single adjustment to the outlook in what has been a turbulent past nine months,” the research firm&nbsp;said&nbsp;Thursday.</p>\n<p><img src=\"https://static.tigerbbs.com/5f93ecad274b0983b855584ebc992874\" tg-width=\"945\" tg-height=\"528\" width=\"100%\" height=\"auto\"></p>\n<p>The revisions reflect the challenge the auto industry has had coming to grips with one supply-chain disaster after another. First, the industry cut chip orders&nbsp;too deeply&nbsp;during last year’s initial pandemic lockdowns, ceding its spot in line to sectors that saw demand surge when consumers were forced into quarantine. Then came winter storms&nbsp;in Texas, a factory firein Japanand Covid-19 outbreaks&nbsp;in Southeast Asia.</p>\n<p>The latest disruption originated in Malaysia, a hot spot for semiconductor packaging and testing. The government there has implemented rolling lockdown measures that may prevent the industry from returning to full capacity until late October, IHS said.</p>\n<p>Analysts who regularly riff on IHS’s monthly revisions expressed shock on Friday.</p>\n<p>“The ’22 cut was the big surprise,” Credit Suisse’s Dan Levy wrote. “As far as we can tell it was IHS’s largest-ever cut for an annual forecast.”</p>\n<p>Chris McNally of Evercore ISI called the cuts “huge” and said they suggest that consensus for suppliers’ earnings per share should drop by 15% to 20%.</p>\n<p>“The complete and utter lack of current visibility means the group will likely now need Oct/Nov to find a bottom,” McNally wrote.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAuto Forecaster Slashes Outlook by Most Since Chip Woes Emerged\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 20:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-17/auto-forecaster-slashes-outlook-by-most-since-chip-woes-emerged?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IHS cuts production view through 2023 by 14.5 million cars\nIndustry struggles to come to grips with supply-chain issues\n\nA forecaster whose production projections are cited by automakers, suppliers ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-17/auto-forecaster-slashes-outlook-by-most-since-chip-woes-emerged?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-17/auto-forecaster-slashes-outlook-by-most-since-chip-woes-emerged?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105368772","content_text":"IHS cuts production view through 2023 by 14.5 million cars\nIndustry struggles to come to grips with supply-chain issues\n\nA forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.\nIHS Markit slashed its production forecast for this year by 6.2% -- or 5.02 million vehicles -- and lowered its projection for next year by 9.3%, or 8.45 million cars and trucks. The researcher also trimmed its 2023 estimate by 1.1%, or 1.05 million units.\n“This is the largest single adjustment to the outlook in what has been a turbulent past nine months,” the research firm said Thursday.\n\nThe revisions reflect the challenge the auto industry has had coming to grips with one supply-chain disaster after another. First, the industry cut chip orders too deeply during last year’s initial pandemic lockdowns, ceding its spot in line to sectors that saw demand surge when consumers were forced into quarantine. Then came winter storms in Texas, a factory firein Japanand Covid-19 outbreaks in Southeast Asia.\nThe latest disruption originated in Malaysia, a hot spot for semiconductor packaging and testing. The government there has implemented rolling lockdown measures that may prevent the industry from returning to full capacity until late October, IHS said.\nAnalysts who regularly riff on IHS’s monthly revisions expressed shock on Friday.\n“The ’22 cut was the big surprise,” Credit Suisse’s Dan Levy wrote. “As far as we can tell it was IHS’s largest-ever cut for an annual forecast.”\nChris McNally of Evercore ISI called the cuts “huge” and said they suggest that consensus for suppliers’ earnings per share should drop by 15% to 20%.\n“The complete and utter lack of current visibility means the group will likely now need Oct/Nov to find a bottom,” McNally wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5903920,"commentId":"5903920","gmtCreate":1631885463975,"gmtModify":1663234027642,"authorId":3573875235773606,"author":{"id":3573875235773606,"idStr":"3573875235773606","authorId":3573875235773606,"name":"JiaJun87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884609838,"objectIdStr":"884609838","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"[Great][Great][Great]","text":"[Great][Great][Great]","html":"[Great][Great][Great]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}