EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday.
If the shortage of semiconductors was the major factor holding back a rebound, the EU also underperformed compared to the other major markets where the recovery from the pandemic was stronger.
Korea’s Hyundai Group — which includes both the Hyundai and Kia brands — solidified its position as the number-four carmaker in the EU with an 18.4-percent gain to over 828,000 vehicles.