EU car sales to rise 7.9% in 2022 as chip supply stabilises - ACEA


FILE PHOTO: A worker poses as he walks between second hand cars at the Auto1.com company grounds in Zoerbig, Germany January 28, 2017. Picture taken January 28, 2017. REUTERS/Fabrizio Bensch

BRUSSELS (Reuters) - European Union car sales are expected to rise by 7.9% this year as semiconductor supply problems ease, but will still be some 20% below 2019 pre-pandemic levels, the European Automobile Manufacturers' Association (ACEA) said on Tuesday.

The association, which represents the 16 major Europe-based automakers, said this would follow a 2.4% decline in 2021 due to a shortage of semiconductors, especially during the second half of last year.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports
How secure is Signal, anyway?
Intel to cut over 20% of workforce, Bloomberg News reports
Trump Media pushes forward with pivot to crypto, ETF plans
Florida sues Snapchat owner for allegedly addicting children, deceiving parents
German software maker SAP beats operating profit estimates for first quarter
Google opts out of standalone prompt for third-party cookies
Dubai's du announces 2 billion dirhams hyperscale data center deal with Microsoft
OpenAI would buy Google's Chrome, exec testifies at trial
AI economic gains likely to outweigh emissions cost, says IMF

Others Also Read