Auto Industry Supply Chain Issues 2024 Auto Industry. Car executives are seeking government help in a bid to accelerate the recovery of. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply chains due to geopolitical tensions.

Also helping drive new car sales is improved supply chain visibility capabilities,. Some chip shortages could remain through 2023 and into 2024, though supply of semiconductors and raw materials will generally improve in the auto sector.