Car Sales Lag Behind Due to Chip Shortage

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Car sales continue to fall due to persistent chip shortages. This follows from figures from industry association BOVAG, RAI Association and data agency RDC. In addition, the waiting times for many new cars are still increasing.

 

Almost 5 percent fewer passenger cars were registered from January to September than in the same period in 2020. Although the economy is recovering after the corona crisis and the demand for new cars is growing, registrations lagging behind. The causes are the shortage of computer chips and logistical problems. These can continue for months, according to both car associations.

Almost 17 percent fewer cars were registered in September than in the same month last year. In the third quarter, the decrease is almost 19 percent compared to 2020.

Sales of hybrid cars, including plug-in hybrids, are increasing. More than a third of all new cars in 2021 will have a hybrid drive. The share of fully electric cars is more than 12 percent of all cars sold.

The five most registered brands in the third quarter of this year are Kia, Volkswagen, Toyota, BMW and Skoda.

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