German auto market suffers another setback in April, Auto News, ET Auto
German car sales suffered another heavy setback in April, official figures showed on Wednesday, with the Russian invasion of Ukraine adding to the headwinds facing the sector.
New registrations fell 21.5% year-on-year to just over 180,000 cars, the Federal Transport Authority (KBA) said in a statement.
It came after the indicator fell 17.5% in March, adding to pressure on the sector, which has seen production significantly constrained in 2021 by ongoing supply issues.
As crucial components from Ukraine run out and Western sanctions on Moscow add further strain to already strained supply chains, the outlook for the flagship industry has darkened further.
“Hard lockdowns in China” to contain the spread of the coronavirus have added to the disruption facing automakers, EY analyst Peter Fuss said.
“The current very difficult situation will last at least the whole summer,” he said.
Auto industry association VDA last month lowered its estimate for car production for 2022, saying it now expects only 7% growth nationwide this year, down from 13% previously. .
Meanwhile, the number of battery-powered cars sold fell 6.9% year-on-year, despite their market share rising to 12.3% from 10.4%.
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