Acute microchip shortages across the global automobile manufacturing markets are causing a huge delay in the delivery of cars in Bahrain.
The delivery delay is unprecedented with the waiting period reaching as high as two-three months for some cars. The demand increased since the beginning of the year, compounding the issue. The shortage cost the global auto industry about $210 billion in lost revenue in 2021, according to many estimates.
It is estimated that the 11.3 million units of production were cancelled last year because of a chip shortage. According to forecasts, the impact will continue in 2022 and 2023 with the production of seven million units and 1.6 million units getting cancelled respectively.