French automakers lose hope of sales rebound as global chip shortage and increase in Covid-19 cases drag market down – RT Business News – .

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French automakers lose hope of sales rebound as global chip shortage and increase in Covid-19 cases drag market down – RT Business News – .


    Les espoirs d'un fort rebond du marché automobile français ont été brisés au milieu du déficit mondial de puces semi-conductrices et de l'augmentation des infections à coronavirus, a déclaré dimanche l'association française des constructeurs automobiles CCFA-PFA.

</p><div><p>L'organisme de lobbying s'attendait à ce que les ventes de voitures augmentent jusqu'à 10 %, mais ces projections pourraient être assouplies, selon un porte-parole du CCFA.

“We think it might be difficult to reach 1.8 million sales this year”, the spokesperson said, quoted by Reuters.

In 2020, registrations of new French passenger cars fell to 1.65 million against some 2.21 million the previous year. The drastic drop is attributed to the pandemic, which has crippled auto factories.


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In July alone, new car registrations were down almost 35% from the same period a year ago, data from data released by the CCFA-PFA shows. New passenger vehicle registrations would have amounted to 115,713.

The French automotive market is up some 16% over the first seven months of the year compared to the same period in 2020 hit by the pandemic, according to the association.

The global shortage of semiconductor chips, as well as the uncertainty surrounding the coronavirus pandemic, are having significant negative impacts, affecting most automakers, including French automaker Renault and its big Franco-Italian rival Stellantis.

Semiconductor chips are essential parts of new automobiles, which are widely used for infotainment systems, as well as basic mechanisms, such as power steering and brakes. The average vehicle can contain hundreds of these chips.

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