Friday, February 23

The European car market fell by 2.4% in 2021

  • The chip crisis weighed down the second half of the European market, which closed 2021 with 9.7 million units sold, 2.4% less than in 2020.

  • Hyundai-Kia was the group that rose the most in 2021, 18.4%, in a context of general decline with high-profile figures such as the 27% collapse of Mitsubishi and 24.2% of Nissan.

Last year they enrolled, according to the European Automobile Manufacturers Association (ACEA), a total of 9.7 million vehicles on the European Union, a number that represents a 2.4% drop compared to 2020. Although it seemed that 2021 was going to be a positive year, especially after the comparison with the worst months of the pandemic, with increases of 218.6% in April or 87.3% in May, the semiconductor supply crisis weighed on market performance, especially during the second half. Compared to 2019, the European market lost 3.3 million sales.

Although in the global market the figure is negative, Germany It was the only large European market that sold less compared to 2020, a 10.1% with 2.62 million units. The rest, led by Italy’s 5.5% rise to 1.45 million units, improved. The market español went up a 1% until 859,477 units, while the French did the same by 0.5% to 1.65 million units. The United Kingdom, outside the EU, ended 2021 with a rise of 1% with a total of 1.64 million registrations.

In December, European markets booked for 795,295 vehicles sold, 22.8% less in a final stretch of a black year for the market due to the aforementioned chip crisis. In the last month of the year, only Croatia (+19,3%), Slovenia (+8,3%), Bulgaria (+4.3%) and Lithuania (+2.9%) sold more vehicles compared to the same month of the previous year. The rest of the markets, including the big four, with Italy (-27.5%) in the lead, fell. The Spanish market lost 18.7% in December.

Hyundai-Kia leads gains

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The group Hyundai-Kia was the great beneficiary of the semiconductor crisis thanks to its component supply strategy during the worst moments of the pandemic. The Asian consortium improved its sales records by 18,4% in the year as a whole with 828,490 units, improving from 699,030 in 2020. Companies such as the BMW Group also saw their registrations rise by 1.5%, Toyota, 9.1% despite the 0.9% drop in Lexus, and Mazda, a 2.5%.

Some brands like Seat (+6,2%), Porsche (+8%), Jeep (+4,5%), Alpine (+86%) or Smart (+32%), among others, closed the year well, although their groups fell due to the results of the rest of the brands. In this way, the Volkswagen Group, sales leader in 2021 with 2.43 million units, fell by 4.8%, while Stellantis, second with 2.12 million registered units, did the same by 2.1%. The Renault Group sold 10.2% less. The most important falls at the group level were those of Mitsubishi (-27%), Honda (-24,2%), Ford (-19%), Nissan (-17.7%) and Daimler (-12,4%).