French Car Sales Drop 35% in July as Chip Shortage Reduces Supply

admin — Mon, 02 Aug 2021 16:20:46 +0000

Sales in the French car market slumped by a massive 35 percent as a semiconductor shortage curbed inventories in one of the biggest markets in Europe. French car manufacturers had limited access to semiconductor chips, which are an integral part of electronic cars.

French manufacturers recorded some 115,713 passenger cars sold during the month of July, as per reports from Plateforme Automobile. While the sales show an increase of some 16 percent from where they were during the same time last year, because of the first wave of the pandemic, they have also witnessed a decrease of 35 percent from the full capacity sales of 2019.

The sluggish results are also an indication that recovery for auto manufacturers is slow within Europe compared to the trends seen in the United States and China. A recent report from The European Automobile Manufacturers Association showed that over 2 million fewer cars were sold within the region during the first half of this year than during the same period 2 years ago.

The recovery itself is slow due to restricted customer interest, but supply chain hassles, like the global chip shortage of today, have restricted sales to a certain level.

YouTube Link: https://www.youtube.com/watch?v=tl3GegKr_xw

Chip Shortage – French Cars

French Car Sales Drop 35% in July as Chip Shortage Reduces Supply