EU car market data from Acea shows that the European Union new car market fell to a historic low in January as the chips shortage continued to constrain the ability of manufacturers to supply the market.
EU passenger car registrations were down by 6% at 682,596 units, marking a new historic low in EU car sales for the first month of the year.
Go deeper with GlobalData
EU car market data shows various markets in central Europe posted gains last month, with Slovakia (+72.6%) and Romania (+55.5%) seeing the strongest growth, although Polish sales contracted by 10.2% in January. In Western Europe, on the other hand, almost all countries posted negative results. Looking at the four major EU car markets, double-digit losses were seen in Italy (-19.7%) and France (-18.6%), while only Germany posted solid growth (+8.5%) and Spain saw a modest gain (+1.0%).
On a larger measure of Europe that includes EFTA countries and the UK, the regional market was down by a smaller margin (-3.1%), the total boosted by the UK’s 27.5% January gain (versus locked down January 2021).
ACEA also published manufacture detail that showed VW Group as market leader, followed by Stellantis.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
