Automotive Outlook 2022 - stronger pricing for longer?
- Entering 2021 consensus expectations were for volume recovery post COVID and only hints of a semiconductor shortage.
- However, 2021 was ultimately shaped by semiconductor shortage and the automaker's realization of the power of pricing – as such some carmakers had very strong margins.
- In 2022 supply conditions should be improving but still capping growth.
- Raw material price inflation could be a major headwind this year. We do, however, believe that carmakers will keep a firm grip on pricing even once they can produce more cars again.