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More Cars Sold as Chip Shortage Decrease | Economy

The Dutch car and motorcycle industry is doing well. Over the past three months, turnover has been more than 20% higher than in the same period last year, according to new data from Statistics Netherlands. This is because the parts shortage is lower.

The shortage of chips has decreased, so more cars can be produced. As a result, more new cars were sold. Furthermore, the increase in prices in particular increases turnover in the car and motorcycle sector.

In addition, more and more electric cars are being sold and they are more expensive than traditional combustion engines. This also resulted in an increase in turnover.

The strain on the labor market was also felt in the motorcycle and automobile sectors. More than a third of business owners reported in October that they were understaffed. There were still 9,800 vacancies in the sector in April and June, the highest number since 1997. That number has been down since June. There are currently 8,500 vacancies, the first decrease in the number of vacancies since 2020.

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