Chip crisis Cars, more expensive and on the waiting list
During the first eight months of 2021, the production of vehicles in Spain has decreased by 25.3% compared to the same period in 2019, according to data from the employer’s association of car and truck manufacturers, Anfac. Microchip shortages have slowed manufacturing by 1,414,240, which is an 11% increase from last year, when the pandemic forced prolonged factory shutdowns.
In the month of July a total of 140,625 units, a setback from –41% with respect to the same month of 2020 (when the state of alarm was left) and a -42.5% less if we compare with the same period of 2019.
The 68,038 units produced in August they suppose a fall of -39% compared to 2019 and -15.5% compared to the eighth month of 2020.
Production during the months of July and August is usually lower than in other months due to the summer and rest period. But, during this 2021, the lack of microchip provisioning is being the main determining factor.
Although in the year as a whole there is an increase of 11% Compared to the previous year, this increase only responds to the fact that in 2020 the factories were idle for two and a half months. In the last four months, the growth rate against 2020 has decreased by 28 percentage points, a reflection of the impact that the semiconductor shortage is causing in the automotive sector.
In this context, Spanish factories have been forced to paralyze production lines and make shift adjustments, depending on the supply of microchips. Forecasts indicate that the rate of manufacture of these components will not adjust to the demand of the automotive sector at least until the end of the first half of 2022.
The European markets are, in this way, reducing their enrollments, due to the fall of demand and for the product shortage motivated by the lack of microchips. In the last two months of July and August, both the Spanish market (with a cumulative each of 33.4% vs 2019) and relevant markets in Europe, [Francia ha reducido sus entregas un 23,3%; Alemania, un -27%; Italia, un -20% y Reino Unido, un -27,5%], they are unable to recover the sales figures recorded prior to the pandemic.
By vehicle type, the manufacture of passenger cars and SUVs, compared to the same period in 2020, has suffered a setback of the -43.7%, in the month of July, with 105,838 units, and of -16.9% in the month of August, with 52,399 units.
The production of commercial and industrial vehicles registers falls both in the month of July (-30.9%), with 34,787 units, as in the month of August (-10.1%), with 15,639 units.
In the first eight months of 2021, exports have registered a strong decrease of 20.7% compared to 2019, although against 2020, a growth of 12.5% is achieved. Until the month of August, a total of 1,217,400 units.
In July 118,400 vehicles were sent outside our borders, which supposes a reduction in the export rate of the -42.4% compared to 2020, as well as the -42.3% compared to 2019. In August there were 63,351 vehicles exported, one drop from – 23.8% compared to 2020 and -34.5% compared to 2019.
In the last month, exports to European markets, who have represented 7 out of 10 shipments of Spanish vehicles, have reduced shipments by a -32.4%. Similarly, destinations located in africa reduce their demand by 55.5%, due to the decrease in Morocco (-32.4%) and South africa (-62.5%). A similar rhythm registers the markets in America, with a decline of 49.3%, due to the fall in exports to Mexico 64.1% already chili -43.5%. For his part, strong increase in demand from Japan (716.4%) has conditioned the 159.1% increase in exports to Asia. While Oceana achieves an increase of 40.5% due to the improvement of Australia (+ 60%).
By type of vehicle compared to the same months of July and August 2020, passenger cars obtained a 45.8% drop in exports in July, to 89,616 units shipped abroad, and -24.9% in August, with 50,770 units. The vehicles commercial and industrial exports registered a decline of 28.5% in July, accumulating a total of 28,824 exported units, and one each of the 18.8% for the month of August, with 12,581 units shipped.
The production of zero and low emission vehicles maintains a similar rate to the previous year, with a slight decrease of 0.1% with a total of 21,545 units. On August the growing rhythm has recovered, with an increase of 63.7%, accumulating up to 9,232 units (electric vehicles, plug-in hybrids, conventional hybrids, natural gas and LPG). In the last month, alternative vehicles represent 13.6% of the total production quota of vehicles in Spain. Specifically, the main manufacture corresponds to vehicles electrified, reaching a 12.2% share in August, with 8,292 units manufactured in August.
Until the eighth month of the year, electrified, hybrid and gas vehicles represent one in nine vehicles manufactured and total 159,839 units, almost doubling the figures registered in the previous year. The plug-in hybrids accumulate a total of 15,595 vehicles manufactured during July and August, with a growth of 16.7%, being the most low and zero emission vehicle manufactured in Spain.
The pure electric companies achieve an increase of 28.4% in the last two months, up to 9,409 units produced. For the year as a whole, the plug-in hybrids add up to a total of 84,120 assembled units, all of them passenger cars, increasing its production by 119% compared to the previous year and that represent 5.9% of total production.
For their part, the pure electricians, until the eighth month accumulate 45,940 units, of which 40,091 are passenger cars, with a growth of 109.1% compared to the same period in 2020. During 2021, 3.2% of the vehicles produced in Spain have been pure electric vehicles.
As for other types of alternative vehicles, Non-plug-in hybrids accumulate in 2021 a total of 3,649 units (+ 0.3%), natural gas vehicles reach 11,818 units (0.8%) and LPG vehicles grow 75.9%, up to 14,312 units manufactured
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