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AUTOMOTIVE: THE EUROPEAN MARKET HAPPENS IN OCTOBER

 This is the fourth consecutive month of decline for the European market, in comparison with an autumn 2020 which had seen a catch-up compared to the beginning of the year paralyzed by the Covid.


Semiconductor shortage

The main markets all show a sharp decline: Italy posted a decline of 35.7%, Germany 34.9%, France 30.7% and Spain 20.5%. Poland fell by 22%, Belgium by 35.3% and the Netherlands by 23.7%. Over the first ten months of the year, sales remain slightly above the 2020 level (+ 2.2%) at European level.


"Despite the recent drop in sales due to the shortage of semiconductors, gains made earlier in the year have allowed us to remain on positive intermediate figures," said ACEA.


The situation is however contrasted according to the country: if Italy or France have indeed taken a little lead, Germany could in particular record a year 2021 worse than the very weak year 2020.


Many manufacturers could also do better than in 2020, such as the leader Volkswagen (+ 2% over the first 10 months of 2021) or its challenger Stellantis (+ 3.1%). Hyundai-Kia is at + 20.3%, BMW-Mini at 7.1% and Toyota at + 15.7%. Renault, on the other hand, has shown a 9.6% drop in sales volumes since the start of the year. Daimler (Mercedes) fell 9.4% and Ford 14.4%.

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