This was calculated by the research company PwC Consulting
A new study from PwC Consulting finds that 34% of new vehicles will face production delays in 2023. Another 21% suffered delays «due to other factors», accounting for more than half of the new cars expected to go on sale this year.
PWC named the main reasons for the production delay – these include labor shortages, quality standards, supply chain issues, and new electric vehicles. When determining production delay, the actual production start date was compared with the planned production start date.
Delays could cost the automaker about $200 million annually, according to a PwC analysis. This could result in losses of between $30 billion and $50 billion for the entire industry. In 2018, only 5% of new cars experienced production delays, and another 18% were affected by other factors. In 2017, these figures were 0% and 13% respectively.
Despite the rise in delays since the pandemic, automakers also successfully completed 45% of their new vehicle launches in 2023, the most since 2019. That figure dropped to 30% in 2022, with 39% of cars experiencing production delays. Automakers produced 77% of their new vehicles as planned in 2018 and 87% in 2017.
The PwC report expects the production decline to widen through 2026 as automakers plan to produce nearly twice as many electric vehicles by then. The consulting firm expects companies to delay 20% to 40% of new vehicle launches between now and 2026.