Lack of chips to further hit UK car market in 2022 - industry group

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

LONDON : The global semiconductor chip shortage will continue to hurt British car sales throughout this year and into 2023 after making a serious dent in vehicle supply in 2021, an industry group said on Thursday.The Society of Motor Manufacturers and Traders (SMMT) said around one in six new cars sold in

LONDON : The global semiconductor chip shortage will continue to hurt British car sales throughout this year and into 2023 after making a serious dent in vehicle supply in 2021, an industry group said on Thursday.

"Not a great year, coming on the back of an equally poor year," SMMT chief executive Mike Hawes said, referring to the impact of the chip shortage on sales which crimped a post-pandemic recovery. Prior to the most recent coronavirus surge, the SMMT had forecast UK car sales of 1.96 million units in 2022, below the normal run rate of around 2.3 million units.

PHEVs, which have both a battery and a combustion engine, accounted for 8.9per cent of sales in 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines