European car sales slump to worst in June, lowest since 1996

Volkswagen AG was the hardest hit carmaker losing 24 per cent in sales in June compared to the same month a year ago.
By : HT Auto Desk
| Updated on: 17 Jul 2022, 14:10 PM
Volkswagen was the worst hit car brand in Europe in June. (Bloomberg)
Volkswagen was the worst hit car brand in Europe in June. (Bloomberg)
Volkswagen was the worst hit car brand in Europe in June. (Bloomberg)
Volkswagen was the worst hit car brand in Europe in June.

Europe's car sales have slumped to the worst in June this year in decades, owing to the supply chain disruption, claims a report by Reuters. The report suggests that June 2022 was the worst month in terms of car sales in the European Union countries since 1996 as persistent supply chain snarls and record inflation afflict the industry.

(Also Read: Audi says luxury car market in India remains suppressed due to high taxes)

It also claims that sales of new cars in the EU and four other states tracked by the European Automobile Manufacturers’ Association (EAMA) dropped to 1.07 million units last month. This marks a 17 per cent drop in year-on-year vehicle sales in June 2022, as compared to the same month a year ago.

Similar Bikes

Find More Bikes
Bgauss A2 (HT Auto photo)
Bgauss A2
₹52,499 - 67,999 *Ex-showroom price
Bgauss B8 (HT Auto photo)
Bgauss B8
₹62,999 - 88,999 *Ex-showroom price
Tvs Scooty Pep Plus (HT Auto photo)
Tvs Scooty Pep Plus
87.8 cc
₹52,915 - 64,522 *Ex-showroom price
Odysse Electric E2go (HT Auto photo)
Odysse Electric E2go
₹52,999 - 63,999 *Ex-showroom price
Crayon Motors Crayon Envy (HT Auto photo)
Crayon Motors Crayon Envy
₹53,000 - 65,000 *Ex-showroom price
Merico Electric Merico Speedstar (HT Auto photo)
Merico Electric Merico Speedstar
₹53,692 *Ex-showroom price

The agency also revealed that Volkswagen AG was the hardest hit major car brand. It said that the company's registrations slumped by 24 per cent last month as compared to the same month a year ago. Auto manufacturers such as Volkswagen, BMW AG and Mercedes-Benz AG said last month the shortage of semiconductors had started to ease. However, it takes time for any boost in production to flow through to showrooms and enable dealers to work down order books. Vehicle manufacturers are also dealing with raw material and energy costs, which are contributing to vehicle price hikes.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The report further states that a forecast shows the industry is unlikely to overcome the challenges anytime soon. It also predicts that there is a chance of a continuous decline in car sales over the next 12 months.

First Published Date: 17 Jul 2022, 14:09 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city