Auto stocks will be on watch to start the brand new week after data through Europe showed new car registrations plunge in December, marking a 6th month within a row of declines.
Car product sales in Europe fell 22% according to Bloomberg data released Tuesday morning. 950, 218 vehicles were sold, based on the European Automobile Manufacturers’ Organization.
The data solidifies that new car sales were down 1 . 5% for all of 2021, along with Bloomberg calling the year the “ worst ever since the association started tracking the marketplace in the early 1990s”.
Parts suppliers and auto makers like Stellantis, Daimler, BMW, Volkswagen and Renault will all be on watch for the forthcoming week.
According to ACEA data given by Bloomberg, almost all major titles finished 2021 with sales lower than 2020. The biggest plunges in December came from VOLKS WAGEN Group, who saw product sales drop 30. 4% y/y, Stellantis, who saw product sales drop 23. 8% y/y, Ford, who saw sales drop 38. 2% y/y and Nissan, in whose sales dropped 30. 5%.
Recall, November’s sales numbers were also the worst that they had been considering that data collection began.
New registrations plunged 17% in November, coming in at 864, 119, at the time the worst number since the European Automobile Manufacturers’ Association started tracking figures in 1993.
Recall, we all wrote in September that the heads of many auto manufacturers have suggested that the semi shortage “ may not just disappear” within 2022.