Semiconductor shortage and inflation have had a serious impact on the German automobile market. In June, new car registrations fell by 18%.
18 percentage points
According to German media reports, according to statistics from the German Federal Motor Transport Agency, new car registrations fell by 18% in June, to approximately 225,000 vehicles.
In addition, the shortage of parts for purely battery-powered electric vehicles has become increasingly apparent, with sales falling by 3.5%.
Peter Fuß, an automotive expert at consulting firm EY, said, "The chip crisis has already arrived in the field of electric vehicles, causing a slowdown in production." The lack of electronic components, inflation and economic downturn have become obstacles to market recovery.
Source: Bild
According to data, sales of almost all major car brands in Germany fell last month. Volkswagen's sales have shrunk by nearly a quarter, and Volkswagen's Audi company's has dropped by 13%. BMW AG Newly registered vehicles are almost 10% lower than a year ago.
Peugeot belonging to Opel parent company Stellantis fell 34%, and Citroën fell 28.7%. Opel sales fell nearly 18% compared with the same month last year. Porsche fell by 3.5%.
A total of 1.2 million new cars have hit the road since the beginning of the year, a decrease of 11%.
