New car sales in Japan hit 45-year low

New figures from Japan's auto industry show the extent to which manufacturers suffered last year from a semiconductor shortage and lockdowns in China, which new car sales plummeting to the lowest figure in 45 years.

Industry groups say automakers shifted 4,201,321 new units in 2022. That's down 5.5 percent from a year earlier.

Automakers had to slash their output when they couldn't get the chips they needed and the zero-COVID measures in China forced parts makers to pause production.

Industry officials say supply issues are still hurting the automakers and it's hard to see when things will recover.