Tuesday, February 20

Car sales in Germany in 2021 fall to their lowest level since reunification

A total of 2.62 million vehicles were registered in Europe’s main economy in 2021, 10.1% less than the previous year, the federal automobile agency (KBA) said in a statement.

It was the second consecutive year of decline for the sector, after 2020 was described as its worst year since German reunification in 1990, with 2.92 million registered cars.

“All manufacturers continue to suffer from shortages of intermediate goods,” the IFO economic institute explained in an analysis published on Wednesday.

After a 2020 marked by the closure of factories and sanitary restrictions, the automotive sector has been facing bottlenecks in the world market for several months that have sunk vehicle production.

The coronavirus pandemic has disrupted supply chains, causing shortages of raw materials and components.

The only positive point last year was the increase in the sale of electric and hybrid vehicles, which grew 83.3% and 43%, respectively.