By Emea Riga
New car registrations in Europe fell 5.4% in February to 804,028, the eighth consecutive month of decline, according to data released Thursday by the European Automobile Manufacturers Association (ACEA). Only Portugal, Greece and Romania reported the most significant advance.
The statistics are valid for the 27 Member States of the European Union, plus the United Kingdom and the countries of the European Free Trade Association (EFTA), respectively Iceland, Liechtenstein, Norway and Switzerland.
In February, the Romanian car market grew by 24.9%, with 8,616 cars registered in February, compared to 6,897 vehicles in the same period in 2021. Portugal and Greece reported an increase of 39.2% last month. and 27.8%, respectively.
The top five European markets were mixed in February, from 22.6% in Italy and 13% in France to 15% in the UK, 6.6% in Spain and 3.2% in Germany.
New car registrations in Europe fell by 3.9% in the first two months of this year, with around 1.62 million vehicles delivered, compared to 1.69 million in the same period in 2021.
The Romanian car market registered an increase of 39.2% between January and February 2022, with 17,953 cars registered, compared to 12,901 vehicles in the similar period of 2021.
The main five European markets had mixed developments in January-February 2022, from decreases of 21.1% in Italy and 15.7% in France, to increases of 23% in the United Kingdom, 4.2% in Spain and 5 , 6% in Germany.
The decline in 2022 is due to the global shortage of semiconductors and supply chain disruptions, ACEA said.
There are 12.7 million employees (directly and indirectly) in the EU car sector, accounting for 6.6% of all jobs in the EU. Also, 11.5% of jobs in the EU industry – around 3.5 million – are in the automotive sector, according to ACEA data.
By Emea Riga