European car sales won’t recover to pre-crisis levels this year as chip shortages continue to roil production in the first half, the continent’s biggest car association said.
New-car registrations in the European Union will likely rise by 7.9% to 10.5 million units, the European Automobile Manufacturers’ Association said in forecasts published on Tuesday. While that would end two years of declines, it would still leave sales almost 20% below their pre-crisis peak, the ACEA said.
The ACEA only issued forecasts for EU sales which don’t include figures from the U.K. and the European Free Trade Association countries.