Comparison of passenger car sales in the 1st quarter of 2022 in the 3 major regions of the world
- Analysis of the first three months of 2022 shows a sharp decline in passenger car sales in Europe (-10.7%) and the United States (-16.5%). On the other hand, in China, sales of passenger cars are up by 9.1% in the first quarter of 2022. However, a trend reversal (-0.6%) can be noted relative to the month of March.
- If the shortage of semiconductors is not yet over, other shortages have been added following the invasion of Ukraine by Russia, affecting several raw materials as well as certain spare parts, which has as a result of production interruptions in car factories. Several manufacturers have had to temporarily shut down their production plants due to a lack of components produced in Ukraine. In addition, since March 2022 China has again been affected by a new wave of Covid, which has had an impact on local automobile production and therefore on sales.
- The fact remains that Europe and the United States show a sharp drop in passenger car sales in the first quarter of 2022, while China continues to progress, which raises the question of this distortion at the global level.
- If we take into account the shortage of semiconductors, it seems that China suffers less from this shortage. Regarding the consequences of the war in Ukraine, it is obvious that manufacturers in Europe are the most affected. Regarding other consequences, one can wonder.
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