Chip crisis pushes European car sales to new low

PARIS: EU car sales fell to a new low last year as the auto sector was hobbled by the COVID-19 pandemic and a shortage of computer chips, industry figures showed Tuesday .

The lack of semiconductors, the computer chips used in a multitude of car systems in both traditional and electric vehicles, was the main reason holding the industry back. EU car sales did rebound strongly in the second quarter, but for most of the second half they were down by around 20 per cent."The start of 2022 will still be difficult in terms of supplies of chips," Alexandre Marian at the AlixPartners consultancy told AFP.

The pandemic has also sent prices for many raw materials soaring and caused labour shortages in some areas.If the markets in France, Italy and Spain posted modest gains, a 10.1 per cent drop in Germany dragged down the overall EU figure. Volkswagen managed to retain the top spot, but a 4.8 per cent drop in sales to 1.4 million vehicles caused its market share to dip to 25.1 per cent.

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