EU car market under pressure: Germany with sharpest decline

EU car market under pressure: Germany with sharpest decline

Volvo S60

Swedish carmaker Volvo has produced almost 50 percent fewer cars.

(Photo: AP)

Gdańsk, Brussels Production in the EU car market, affected by supply problems, continues to decline. In June, 886,510 vehicles were registered in the EU, the lowest number since 1996 in June, according to industry association Acea on Friday. Minus compared to the same month last year was 15.4 percent.

In the first half of the year there was a minus of 14 percent to 4.6 million vehicles. The decline was more pronounced in the German market, with 18.1 percent of new registrations compared to the same month last year. It is followed by Italy with a minus of 15 percent, France with 14.2 percent and Spain with 7.8 percent.

In terms of brands, the Volkswagen Group recorded a drop of more than five compared to the previous year. In BMW it was 19.3 percent, and Mercedes-Benz minus 2.2%.

Renault production is growing slightly

Rival Stellantis accounted for 15.4 percent of new registrations. Manufacturers Volvo and Mazda were the worst affected, with declines of 49.1 and 47.5 percent respectively. France’s Renault grew by 0.8 percent in the period.

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The war in Ukraine, the ongoing chip crisis and the rising costs of raw materials and energy are causing serious problems for automakers in Western Europe. This also includes the countries of the European Free Trade Association EFTA and the United Kingdom.

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