Sales figures drop below previous year’s level: Passenger car market in Europe

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Car market in Europe

Status: December 17, 2021

Due to the chip crisis, car sales across Europe also collapsed in November 2021

Source: VW

The chip crisis caused the EU car market to shrink sharply in November as well. The annual balance so far is already worse than in the crisis year 2020.

S.P-X / Brussels. Europe’s car market experienced its weakest November since 1993. According to the industry association ACEA, 713,346 new passenger cars were registered in the EU, 20.5 percent fewer than in the same month last year. The declines in the major individual markets were also clearly in double digits: In Germany, sales fell by almost 33 percent, in Italy by 25 percent and in Spain by 12 percent.

The balance sheet for the current year is even slightly below the previous year’s level. 8.9 million new cars have been registered in the EU since January, a decrease of 0.04 percent compared to the same period in the crisis year 2020. The declines mainly fall in the second half of 2021, when the chip crisis overshadowed the positive effects of the recovery from the corona crisis. In some markets such as Italy (+ 8.6 percent), Spain (+ 3.8 percent) and France (+2.5 percent), however, the full year result is still well above that of the same period in the previous year. The largest decreases are recorded in Lithuania (-17.8 percent), Belgium (-9.6 percent) and Germany (-8.1 percent).

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