The intensifying semiconductor shortage will slow the post-Covid-19 global recovery of light-vehicle sales over the next two years, says S&P Global Ratings in a newly published report. "In our revised scenario, we now expect light-vehicle sales will increase more moderately by about 2% to 4% in 2021, year-on-year, compared with the projections of 8% to 10% we made earlier this year," says S&P Global Ratings credit analyst Vittoria Ferraris.
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