Ford Motor Co. (F)

Index:

S&P 100

$ 10.29
   
  • Change Today:
    $-0.18
  • 52 Week High: $14.55
  • 52 Week Low: $9.70
  • Currency: US Dollars
  • Shares Issued: 4,086.00m
  • Volume: 72,027,850
  • Market Cap: $42,045m
  • RiskGrade: 182

European car sales slide amid chip shortage

By Abigail Townsend

Date: Tuesday 18 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Car sales in the European Union fell sharply in December, industry data showed on Tuesday, as the global chip shortage weighed heavily.
According to the European Automobile Manufacturers Association (ACEA), passenger car registrations in December tumbled 22.8% to 795,295 units, the sixth consecutive monthly fall. In November, sales fell 20.5%.

In the Eurozone, car registrations were down 22.6% following November's 20.8% decline.

Within member states, Germany reported a 26.9% slide, while Italy, Spain and France saw sales fall 27.5%, 18.7% and 15.1% respectively.

Overall, sales of new cars fell by 2.4% across the EU in 2021 to 9.7m units. That was despite a record low base comparison with 2020, when sales were heavily disrupted by lockdowns.

Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics, said: "Last year was a year of recovery in the Eurozone and EU economies, but not for domestic auto sales.

"The poor performance is primarily due to shortages and disruptions in semiconductor markets, which hit production and firms' ability to deliver, especially in the second half of the year.

"Looking ahead, we think these headwinds will clear in 22022, but slowly. Semiconductors are complex products used in a wide range of important capital and consumer goods, and supply can't just be raised from one day to the other. In addition, the policy of zero-Covid in large parts of Asia will, especially in China, continue to disrupt supplies of key material from this region to Europe, even if factories increase capacity."

By manufacturer, 2021 new passenger car registrations were down 4.8% at Volkswagen, and fell 2.1% at Stellantis, 10.2% at Renault, 1.5% at BMW and 19.0% at Ford, the ACEA said.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ford Motor Co. Market Data

Currency US Dollars
Share Price $ 10.29
Change Today $ -0.18
% Change -1.72 %
52 Week High $14.55
52 Week Low $9.70
Volume 72,027,850
Shares Issued 4,086.00m
Market Cap $42,045m
RiskGrade 182

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 13
Sell 3
Strong Sell 1
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 31-Oct-2024

Time Volume / Share Price
16:03 6,509,771 @ $10.29
15:59 300 @ $10.29
15:59 798 @ $10.29
15:59 782 @ $10.29
15:59 300 @ $10.29

Top of Page