Car sales in European Union face worst year since 1990

Brands such as Volkswagen, Renault, Stellantis and Daimler registered a fall in their sales figures.European Automobile Manufacturers Association stated that sales suffered due to the pandemic and global chip crisis.
By : HT Auto Desk
| Updated on: 18 Jan 2022, 14:02 PM
File photo used for representational purpose only.
File photo used for representational purpose only.
File photo used for representational purpose only.
File photo used for representational purpose only.

Car sales in the European Union touched a new low in 2021 as the auto industry staggered due to the pandemic and the ongoing semiconductor shortage, industry figures revealed. A fall of 2.4 per cent was observed in the registration of new passenger cars in the region at 9.7 million units, which is the worst figure since the statistics began in 1990, showed data from the European Automobile Manufacturers Association (ACEA).

Reasons such as the dearth of semiconductors and computer chips that are used in conventional and electric vehicles are being cited for this major plummet. “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," stated the ACEA.

Similar Cars

Find More Cars
Bmw X1 (HT Auto photo)
Bmw X1
1998 cc | Petrol | Automatic (Dual Clutch) | 14.82 kmpl
₹36.5 - 43.5 Lakhs**Ex-showroom price
Volkswagen T-roc (HT Auto photo)
Volkswagen T-roc
1498 cc | Petrol | Automatic (Dual Clutch) | 17.85 kmpl
₹21.35 Lakhs**Ex-showroom price
Bmw X4 (HT Auto photo)
Bmw X4
1998 cc | Petrol | Automatic (Torque Converter) | 12.82 kmpl
₹65.1 - 71.5 Lakhs**Ex-showroom price
Renault Kwid (HT Auto photo)
Renault Kwid
799 cc | Petrol | Manual | 25 kmpl
₹4.07 - 5.51 Lakhs**Ex-showroom price
Bmw 2 Series Gran Coupe (HT Auto photo)
Bmw 2 Series Gran Coupe
1998 cc | Petrol | Automatic (Torque Converter) | 14.82 kmpl
₹37.9 - 42.3 Lakhs**Ex-showroom price
Mini Cooper (HT Auto photo)
Mini Cooper
1998 cc | Petrol | Automatic (Dual Clutch) | 17 kmpl
₹38 Lakhs**Ex-showroom price

(Also read | Audi sells more than 80,000 EVs, records over 50% growth in EV sales)

Car sales in the region though rebounded strongly in the second quarter, however, for most of the second half they were down by around 20 per cent. Automakers’ production capacities were hit due to the chip crisis leading them to slow production and even idle factories.

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

With the beginning of 2022, the short-term perspectives for supplies are not up to the mark. “The start of 2022 will still be difficult in terms of supplies of chips," said Alexandre Marian at the AlixPartners consultancy, as per a report by AFP. He added that though the situation is expected to improve in the mid-year, issues concerning raw materials, supply chains and labour shortages may impact the production.

(Also read | Mercedes sees dip in global sales, loses crown to BMW in intense 2021 battle)

As automakers reveal their sales for 2021, one can observe that not many were able to achieve positive results. Though Volkswagen managed to retain the top spot, a 4.8 per cent fall in sales to 1.4 million vehicles caused its market share to dip to 25.1 per cent. Renault suffered a massive drop of 10 per cent with sales of its eponymous brand plummeting by 16 per cent, while sales of both its Dacia brand and Alpine brands saw a growth. Stellantis too suffered a fall of 2.1 per cent drop to 2.1 million units while Daimler registered a decline in sales by 12.4 per cent. German automaker BMW managed to get a 1.5 per cent increase in registrations.

(with inputs from AFP)

 

 

First Published Date: 18 Jan 2022, 14:01 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