Home » Business » European car sales fall further due to chip shortage | drive

European car sales fall further due to chip shortage | drive

In total, 682,596 new passenger cars were registered in the European Union last month. That is 6 percent less than in January last year, which was already the worst January month ACEA had ever measured. At that time, dealers were still very much affected by the lockdowns against the corona virus in many European countries.

In Germany, Latvia, Romania and Slovakia, among others, sales clearly increased last month compared to a year earlier. But fewer cars were sold in most countries. In Belgium, 33,947 new passenger cars were registered in January, a decrease of 10 percent.

Many experts assume that the problem will persist until at least mid-2022. Nevertheless, ACEA recently forecast that new passenger car sales in the EU are likely to increase by nearly 8 percent this year to 10.5 million vehicles. If chip deliveries stabilize, automakers could ramp up production again. With these figures, sales would still be almost 20 percent lower than in 2019, before the corona crisis broke out.

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