Car sales in Europe collapsed by more than 20% due to lack of chips

Car sales in Europe collapsed by more than 20% due to lack of chips

Between September 2020 and September 2021, the main markets registered impressive drops: Germany -25.7%, Italy -32.7%, France -20.5% and Spain -15.7%.

However, since January 2021, slightly more than 7.5 million vehicles have been sold in Europe, that is, 500,000 more than in the same period last year.

In a context of reactivation of activity after the lifting of sanitary restrictions, car manufacturers have to compete with other industries that consume many chips – such as producers of computers, smartphones, objects connected to the internet – and that capture a good some of those components made mostly in Asia.

“Unless this shortage is resolved quickly, the outlook should be reduced even in October.”the British Automobile Manufacturers Association (SMMT) said on Tuesday.

This situation “should last a good part of 2022”, in particular due to the “new triggers of the delta variant of Covid-19 that affect important producing nations in Southeast Asia.”

In September only the Hyundai-Kia group had rising sales.

But if the first nine months of the year are taken into account, the sector leaders Volkswagen and Stellantis (Peugeot, Citroen, Fiat, Chrysler) register an increase in sales of 8.1% for the German group and 8.3% for the Franco-Italian-American, after a catastrophic year 2020.

On their side, BMW-Mini had an increase of 10.9%, Toyota, 19.8% and Volvo, 7.4%.

On the other hand, despite the good performance of Dacia, the Renault group has, on the other hand, presented a drop in sales of -6.5% since the beginning of the year, as did Daimler (-5.6%), Ford (-11.2 %) and Nissan (-12.4%).

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