Could the European auto industry see the sky clearing up?
After thirteen months of consecutive declines, last August enabled the European car market to return to growth with an increase in sales volumes of 4.4%. However, with 650,305 units registered, this result remains well below pre-pandemic levels, according to figures from ACEA (The Association of European Automobile Manufacturers).
All key EU markets contributed positively to the region’s growth, Italy (+9.9%), Spain (+9.1%), France (+3.8%) and Germany (+3.0%).
While the August figures are therefore encouraging in this supply crisis, with an industry still disrupted by the shortage of semiconductors, even though demand seems to be holding up, they do not yet allow the bar to be raised. a difficult year in 2022, with an overall decline of 11.9% over the first eight months.
With nearly 6 million passenger cars sold since the start of 2022 in Europe, the auto market remains down in the four main markets, which are Italy: – 18.4%, France: – 13, 8%, Germany: -9.8% and Spain: -9.4%.
A return to form that will have to be confirmed from this month of September.