Disappointing news for car sales as supply chain issues drag on
Supply chain issues have continued to impact new car sales in Europe – with the exception of the pandemic in 2020, April represented the lowest number of units sold since records began (684,506 units sold).
From January to April, new car registrations declined by 14.4% across the EU, totalling 2.9 million units, according to European Automobile Manufacturers’ Association (ACEA).
Among the key markets, Italy saw the steepest fall (-26.5%), followed by France (-18.6%), Spain (-11.8%) and Germany (-9%).
ACEA represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo
The turnover generated by the auto industry represents more than 8% of the EU’s GDP and employs 12.7 million people (directly and indirectly), accounting for 6.6% of all EU jobs, according to the association.
Graph: ACEA
