Sales of new cars made a strong recovery in 2021, with seven of the world’s top 10 markets recording more sales than in pandemic-ravaged 2020. Given that the flow of cars from factories was interrupted by a global shortage of semiconductors, this is a welcome ray of light in an otherwise dark period for the car industry.
“The global markets stabilised in 2021, which, considering that the pandemic and the chip shortage combined for a negative effect, is overall an okay result – although the difference with pre-pandemic levels is still around 10 million units fewer,” says Felipe Munoz, senior analyst at data firm Jato Dynamics.
