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Beginning in 2020, the [[COVID-19 pandemic]] disrupted global supply chains, leading to financial losses for automobile manufactures.[{{Cite web |date=2025-05-02 |title=Inflation in Michigan: The Effects of Inflation on the Automotive Industry during COVID-19 – Michigan Journal of Economics |url=https://sites.lsa.umich.edu/mje/2025/05/02/inflation-in-michigan-the-effects-of-inflation-on-the-automotive-industry-during-covid-19/ |access-date=2026-04-19 |language=en-US}}] [[AlixPartners]] would report in 2021 that [[Semiconductor]] shortage would cost the global automotive industry $210 billion loss in revenue.[{{Cite web |title=Semiconductor shortages to cost the auto industry billions |url=https://www.alixpartners.com/newsroom/press-release-shortages-related-to-semiconductors-to-cost-the-auto-industry-210-billion-in-revenues-this-year-says-new-alixpartners-forecast/ |access-date=2026-04-19 |website=www.alixpartners.com |language=en-us}}] |
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Beginning in 2020, the [[COVID-19 pandemic]] disrupted global supply chains, leading to financial losses for automobile manufacturers.[{{Cite web |date=2025-05-02 |title=Inflation in Michigan: The Effects of Inflation on the Automotive Industry during COVID-19 – Michigan Journal of Economics |url=https://sites.lsa.umich.edu/mje/2025/05/02/inflation-in-michigan-the-effects-of-inflation-on-the-automotive-industry-during-covid-19/ |access-date=2026-04-19 |language=en-US}}] In 2021 alone, the [[semiconductor]] shortage would cost the global automotive industry $210 billion loss in revenue.[{{Cite web |title=Semiconductor shortages to cost the auto industry billions |url=https://www.alixpartners.com/newsroom/press-release-shortages-related-to-semiconductors-to-cost-the-auto-industry-210-billion-in-revenues-this-year-says-new-alixpartners-forecast/ |access-date=2026-04-19 |website=www.alixpartners.com |language=en-us}}] To compensate for losses, manufactures would focus production on vehicles with larger profit margins such SUVs and pickups.[{{Cite web |last=Muller |first=Joann |date=2025-03-10 |title=The auto industry changed forever after COVID |url=https://www.axios.com/2025/03/10/covid-auto-industry |access-date=2026-04-19 |website=Axios |language=en}}] |
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