Automotive Europe is still recovering.
In 2022, the European market for new car sales has fallen back to its 1993 level, according to the Association of European Automobile Manufacturers (ACEA), which compiles the sales of all manufacturers in the twenty-seven European countries. 'Union.
Despite a slight improvement in sales since August, the market fell by 4.6% over the year, with 9.3 million new vehicles sold.
In 2019, it was 15.3 million…
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Sales of new vehicles have remained at a very low level since 2020 and the health crisis.
After the shock of the confinements, other crises were added: the lack of semiconductors, the disruptions of the supply chain, the shortages of certain components linked to the war in Ukraine, the inflation of costs.
Worse, in Europe, demand is even more sluggish than in North America or China.
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