https://sputnikglobe.com/20230118/eu-auto-sales-hit-three-decade-low-in-2022-manufacturers-report-1106450309.html
EU Auto Sales Hit Three-Decade Low in 2022, Manufacturers Report
EU Auto Sales Hit Three-Decade Low in 2022, Manufacturers Report
Sputnik International
The ongoing economic crisis caused by the Coronovirus pandemic and rising inflation, affected car markets badly. EU car sales demonstrated one of its worst results ever in 2022.
2023-01-18T09:42+0000
2023-01-18T09:42+0000
2023-04-12T17:15+0000
economy
european automobile manufacturers association (acea)
car sales
drop
results
european union (eu)
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The European car sales market posted its worst results since 1993 last year, the European Automobile Manufacturers' Association has reported. According to the data provided, the total number of car sales registered in the EU was 9.3 million with a 4.6 percent year-on-year decline.Factory closures due to the COVID-19 pandemic and subsequent disruptions in the supply of components are among the main reasons cited.By country, the report gives the following numbers:Although EU-wide car sales started to grow from August 2022, with December registrations up 12.8 percent from a year earlier, the German auto industry association said it expects only a mild recovery for the national market in 2023.
https://sputnikglobe.com/20220105/semiconductors-supply-shortage-to-further-car-prices-hike-amid-inflation-in-us---report-1092045846.html
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eu auto sales 2022 results, eu 2022 auto sales 2022 worst since 1993, acea 2022 report, european automobile manufacturers' association 2022 report, car sales in europe
eu auto sales 2022 results, eu 2022 auto sales 2022 worst since 1993, acea 2022 report, european automobile manufacturers' association 2022 report, car sales in europe
EU Auto Sales Hit Three-Decade Low in 2022, Manufacturers Report
09:42 GMT 18.01.2023 (Updated: 17:15 GMT 12.04.2023) The ongoing economic crisis caused by skyrocketing energy prices and rising inflation, hasn't left the automobile industry untouched: the pan-European car market demonstrated one of its worst results ever in 2022.
The European car sales market posted its worst results since 1993 last year, the European Automobile Manufacturers' Association has reported. According to the data provided, the total number of car sales registered in the EU was 9.3 million with a 4.6 percent year-on-year decline.
Factory closures due to the COVID-19 pandemic and subsequent disruptions in the supply of components are among the main reasons cited.
5 January 2022, 21:17 GMT
By country, the report gives the following numbers:
The German car market was the only one to show an
increase, with a
1.1 percent uptick;The Italian market
plunged 9.7 percent;The French market
reduced by
7.8 percent;
The Spanish market showed a
decrease of
5.4 percent;
Although EU-wide car sales started to grow from August 2022, with December registrations up 12.8 percent from a year earlier, the German auto industry association said it expects only a mild recovery for the national market in 2023.
