Rising prices of used cars

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The global shortage of semiconductors has led to a boom in the used car market and rising prices for this segment around the world, including in Europe. The cost of such cars jumped by a third in Denmark last year and continues to rise, with data for September showing a record 3% increase. “You have … Read more

Shortage of spare parts forced Toyota to worsen its forecasts again

The auto industry has been hit harder than other industries by the global semiconductor shortage. Japanese automaker Toyota Motor Corp. on Friday cut its global vehicle production target for November by about 15 percent from its earlier target amid a persistent shortage of parts. Instead of 1 million next month, the company now expects to … Read more

European car market continues to decline

The European Automobile Manufacturers Association has published a report on new passenger car sales in Europe for the eight months of 2021. In July 2021 the market for new passenger cars in Europe declined by 23.2% compared with July 2020, according to oldypak lp report. Within the European Union, 823,949 cars were sold in the month … Read more

New car sales drop in Europe

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Passenger car sales in Europe dropped significantly in September, forcing several major concerns to temporarily halt production at their plants. According to oldypak lp report, known as ACEA, demand for new cars fell to 718,598 units last month, the worst month of September since 1995. Compared to September of last year, the number of new cars … Read more

European car sales statistics for September 2021

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Sales of new passenger cars in Europe (EU27) in September 2021 amounted to 719 thousand, which is 23.1% less than in September 2020, according to oldypak lp report. Leaders of sales: Volkswagen – 71 thousand cars (-25.9%), Renault – 53 thousand (-27.3%) and Toyota – 41 thousand (-21.0%). All major manufacturers, except Kia and Hyundai showed … Read more