Filenews 17 July 2022 - by Theano Thiopoulou
Supply chain problems continue to limit vehicle production, with the result that in June 2022 passenger car registrations continue their downward trend in the European Union (-15,4%) for 12 consecutive months.
According to data from the European Manufacturers' Association (ACEA) all four major EU markets contributed to the decline. Germany recorded the largest decline (-18.1%), followed by Italy (-15.0%) and France (-14.2%). Spain, on the other hand, recorded a more modest decline (-7.8%).
In the first half of 2022, registrations of new cars in the EU shrank by 14%, compared to a year earlier, reaching a total of around 4.6 million units. All major markets in the region recorded double-digit declines: Italy (-22.7%), France (-16.3%), Germany (-11.0%) and Spain (-10.7%). In Cyprus, the decline in June on an annual basis is 6.6% while in the six months (January - June) there is an increase of 5.9% compared to last year. From the data announced by ACEA, no country in Europe has an increase in sales in June and all show a negative sign. On the contrary, in the data of the first half of the year there are six countries that have a positive sign in sales: Cyprus 5.9%, Bulgaria 13.3%, Ireland 2.1%, Latvia 6%, Romania 23.1%, Slovakia 3.9%.
Since the spring of 2021, the car market in Europe and America has been held back by a number of logistical problems, including the shortage of semiconductors. These chips, produced mainly in Asia, are indispensable for the manufacture of phones and laptops, but also cars that carry more and more electronics.
