Desk Report
Publish: 24 Jan 2022, 06:37 pm
Representational Image || Photo: Collected
In
December 2021, passenger car registrations across the European Union declined
by 22.8% to 795,295 units, marking the sixth consecutive month of decline. Most
of the region’s markets faced double-digit drops, including the four major
ones: Italy (-27.5%), Germany (-26.9%), Spain (-18.7%) and France (-15.1%). In
fact, the only EU car markets that expanded last month were Bulgaria, Croatia,
Latvia and Slovenia.
Overall
in 2021, sales of new cars in the EU fell by 2.4% to 9.7 million units, despite
the record low base of comparison of 2020. This fall was the result of the
semiconductor shortage that negatively impacted car production throughout the
year, but especially during the second half of 2021. Indeed, last year's total EU
car registrations were still 3.3 million units below pre-crisis sales in 2019.
Looking
at the full year for the four major EU markets, only Germany posted a decline
(-10.1%) in 2021. By contrast, Italy saw the highest increase (+5.5%), followed
by Spain (+1.0%) and France (+0.5%) with modest growth.
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