When the Chips Went Down: Motor Vehicle Production and the 2021-2022 Semiconductor Shortages

Adrian Hamins-Puertolas and Maria D. Tito
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Maria D. Tito: https://www.federalreserve.gov/econres/maria-d-tito.htm

No 2026-09-28-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The motor vehicle industry suffered severe production disruptions during 2021 and 2022, as semiconductor shortages—triggered by pandemic-era plant closures and shifting demand patterns—brought some assembly lines to a standstill. Having recovered to nearly pre-pandemic levels by the fourth quarter of 2020, aggregate U.S. light vehicle production plunged in early 2021, ultimately falling 20 percent below 2020:Q4 levels by the third quarter (figure 1).

Date: 2026-09-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103841

DOI: 10.17016/2380-7172.4155

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