Car sales fell in Europe in the first half

Auto sales are expected to rebound during the second half of the year.

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Car sales in Europe fell during the first half of this year by two million cars, compared to the same period two years ago, at a time when the auto industry in the continent is recovering at lower rates than its counterparts in the United States and China.

According to the European Automobile Industry Association, the rate of car registrations rose by 13% in June, compared to the same month last year, bringing the total number of cars registered during the first six months of the year to 6.49 million.

Although this percentage exceeds the rates recorded during the first half of last year, by 27%, it remains lower than the usual percentage of sales during the pre-Corona period.

And the “Bloomberg” news agency reported that the slow pace of vaccinations, and the continuation of precautionary measures to control the Corona pandemic, cast a shadow on car sales earlier this year, and the shortage of semiconductors worldwide had an impact on the production of major global car companies.

Executives at Volkswagen and BMW believe that the shortage of semiconductors, a key component in the auto industry, will continue to affect production in the coming years.

And “Bloomberg” reported a report by the “LMC” organization for marketing research in the field of cars, which stated that “car sales are expected to rebound during the second half of the year, in light of the continued easing of (Corona) restrictions and the improvement of economic conditions.”

The report added that "there are risks on the horizon, as the shortage of semiconductor supplies threatens to impede the recovery of demand in the post-closure stage."

The total number of cars that were registered during 6 months amounted to 6.49 million cars.

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