# What Could Happen to the Auto Industry If the Chip Shortage Were to Get Worse?

Published 2021-10-12 · Updated 2026-07-23 · Transportation on MarketScale
Canonical: https://www.marketscale.com/industries/transportation/what-could-happen-to-the-auto-industry-if-the-chip-shortage-were-to-get-worse

> Car makers are still feeling the impacts of the pandemic in a major way. According to a new forecast from IHS Markit inventory shortages and higher prices will likely be plaguing car makers until the first half of 2023, at which point it will hopefully enter a recovery phase. In the meantime, is there any…

[Car makers](https://www.wsj.com/articles/car-companies-buckle-up-for-extended-chip-shortage-11633005657) are still feeling the impacts of the pandemic in a major way. According to a new forecast from [IHS Markit](https://ihsmarkit.com/index.html) inventory shortages and higher prices will likely be plaguing car makers until the first half of 2023, at which point it will hopefully enter a recovery phase. In the meantime, is there any financial resiliency lessons that were taken from 2008 bailouts throughout the auto industry that can apply to this current crisis? We tapped [Zach Shefska](https://www.linkedin.com/in/zachshefska/), the CEO of [Y.A.A, (Your Advocate Alliance)](https://joinyaa.com/) to give us some insight.

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