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Rising prices, the automotive industry's anti-crisis shield

2021-06-21T05:41:41.289Z

Manufacturers have preserved their ability to invest despite the many hardships encountered in 2020. Touched but not sunk. The automotive industry is restarting faster than expected after the triple crisis (Covid, energy transition and shortage of electronic components) crossed last year, observes AlixPartners annual study on the automobile in the world. Even if the disparities remain very strong in the different regions of the world. We will have to wait until at least 2023 to regain the overall



Touched but not sunk.

The automotive industry is restarting faster than expected after the triple crisis (Covid, energy transition and shortage of electronic components) crossed last year, observes AlixPartners annual study on the automobile in the world.

Even if the disparities remain very strong in the different regions of the world.

We will have to wait until at least 2023 to regain the overall sales volume of 2019 (90 million vehicles).

But in Europe, for example, that shouldn't be the case until 2025.

Read also:

Despite the criticisms, the automobile remains a French passion

To withstand the crisis, the automotive industry has benefited greatly from government support measures.

"It is six or seven times more than during the previous crisis of 2008"

, underlines Laurent Petizon, managing director of AlixPartners.

Manufacturers have also raised the selling prices of their vehicles.

According to the study, the average price of a new model fell in one year from 25,477 dollars to 27,149 dollars while the overall sales volume decreased by 15.1%.

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Source: lefigaro

All business articles on 2021-06-21

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