Historically lowest car sales in the EU since 1993
In volume terms, this result marked the lowest November total on record since 1993. Double-digit losses were recorded in many EU markets, including three of the four major ones: Germany (-31.7%), Italy (-24.6%) and Spain (-12.3%). France saw a more modest drop of 3.2% last month; Bulgaria, Ireland and Slovenia were the only EU markets posting growth.
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Eleven months into the year, the impact of the microchip shortage on vehicle output dragged the EU’s year-to-date sales performance into negative territory (-0.04%), and this despite 2020’s record low base for comparison. Nevertheless, three of the four largest EU markets still posted positive results from January to November 2021: Italy (+8.6%), Spain (+3.8%) and France (+2.5%). In Germany, on the other hand, registrations of new cars further weakened (-8.1%) compared to one year ago.
European automotive industry at a crossroads: time to act, avoid fines and reduce regulation
30.12.2024 The opening day of the 7th edition of the largest Central European event CEE Automotive Supply Chain was marked by lectures and panel discussions of experts from Slovakia, the Czech Republic and Europe. They unanimously agreed that the way out of...
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