Oxford, UK – World car registrations in February 2021 were up 12.4% on the same month in 2020 at 5.76 m units, according to LMC Automotive.
Weather, chips, coronavirus choked auto demand growth in February 2021
LMC Automotive described the figure as disappointing. The numbers would have been higher but for a shortage in semiconductors that slowed Chinese production, and bad weather in the US.
In the US, sales were 12.8% lower in February at 1.18 m units, compared to 2019’s 1.36m units. But prices were higher, and incentives were at their lowest level since 2016,' LMC said.
Chinese sales of 1.4 m units were up 383% on February 2020, at 300,000 units. There was very little difference between production and sales in February 2021. Coronavirus lockdowns in January also dampened consumer confidence.
At the same time, in Western Europe sales were 878,000 units in the month, 20% lower than the amount sold in February 2020. Most European markets are still caught in coronavirus restrictions until vaccines have been more widely administered.
Sales in Brazil and Argentina fell to 187,000 units in the month. This compares with 220,000 units in the same month in 2020.