Signs of global chip shortage seen easing as China's auto sales start to recover

Auto sales have started to recover in China as the shortage of semiconductors used in vehicles eases, despite supplies still being tight overall.

The China Securities Journal is reporting that many interviewed buyers can now purchase most of popular models on the spot from dealerships, and that waiting times for buyers needing to make reservations has shortened as well, from at least two months to between four and six weeks.

The China Association of Automobile Manufacturers says both domestic auto production and sales turned positive last month.

Yicai Global reports industry executives as continuing to warn that chips for some models are still insufficient, however, with demand outstripping supply.

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