Europe Car Sales to Lag in First Half of 2022 Due to Chip Crisis
- ACEA says market to remain 20% below pre-crisis level in 2022
- Chip crisis gripping sector not seen abating until second half
European car sales were at their lowest in 2021 since records began in the early 1990s.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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European car sales won’t recover to pre-crisis levels this year as chip shortages continue to roil production in the first half, the continent’s biggest car association said.