The Limited Times

Now you can see non-English news...

Chip shortage: European auto sales plummet in 2021


Last year, 9.7 million vehicles were sold in the European Union, the lowest figure recorded since the start of the statistical series in 1990

Sales of new cars in Europe marked a new record low in 2021, held back by the health crisis and shortages of electronic chips, according to figures released by manufacturers on Tuesday.

Last year, 9.7 million vehicles were sold in the European Union: this is the lowest figure recorded since the start of the statistical series in 1990, lower than 2013 and 1993, already dark years for the automotive industry.

With a sixth consecutive month of decline in December, sales even fell by 2.4% in Europe compared to the year 2020, paralyzed by the Covid.

Read alsoAutomobiles: sales fall, customers doubt

This fall is the consequence of the shortage of semiconductors which has slowed down automobile production throughout the year, and more particularly in the second half of the year

”, explained in a press release the association of European manufacturers (ACEA).

The year 2021 was marked in particular in Europe by the fall of Germany, its largest market, which recorded one of the largest declines with a plunge of 10.1% over one year and 2.6 million vehicles sold.

After a 2020 marked by factory closures and health restrictions, the German automotive sector had seen a sustained recovery in early 2021. But the market soon faced bottlenecks in global markets: chip shortages electronics, essential for car assembly, and logistical problems have dampened hopes of a lasting recovery.

Belgium, the Netherlands and Denmark also show sharp declines.

France remained stable (+0.5%) but at its lowest, with 1.66 million units sold in 2021, i.e. a level close to 1975.

Spain, which had been one of the hardest hit countries in 2020, remains at its lowest (+1%).

Italy, also hard hit in 2020, posted a slight recovery in 2021 (+5.5%).

Hyundai-Kia is doing well with its electric and hybrid cars

The leading manufacturers of the market are feeling the blow: the No. 1 Volkswagen fell by 4.8% with 2.4 million cars sold.

The group's main brand fell by 6.7%, Skoda by 9.8% and Audi by 3.3%, while Porsche and Seat rebounded.

Stellantis fell by 2.1% over one year with 2.1 million units sold: the group limited the decline on its main brands Peugeot, Fiat and Citroën, and recorded good sales at Jeep.

The Renault group fell by 10.2% despite the good scores of its economy brand Dacia.

Now firmly established at the foot of the podium, Hyundai-Kia is doing well (+18.4%) thanks to its range of electric and hybrid cars, especially SUVs.

Toyota also jumped 9.1%.

ACEA does not count Tesla sales.

As for German premiums, BMW remained stable (+1.5%) while Daimler fell (-12.4%), strongly hampered by the shortage of chips.

Source: lefigaro

All business articles on 2022-01-18

You may like

News/Politics 2022-02-17T07:44:08.679Z
News/Politics 2022-03-01T10:49:32.768Z

Trends 24h

Business 2022-05-18T19:09:17.533Z
Business 2022-05-18T16:56:54.584Z
Business 2022-05-18T06:09:21.656Z
Business 2022-05-18T17:33:52.136Z


© Communities 2019 - Privacy