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New car sales slump heavily

Friday, 19 November 2021 05:00

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New car sales in Switzerland have collapsed. Sales are down 27% compared to 2020 – which also wasn’t a great year for car sales.

Most other European countries are reporting similar falls. The Association of European Manufacturers are blaming a computer chip shortage as many factories have had to cut back production.

The study was produced by financial firm EY – which says there’s a crisis in the car market. 

But the sales of electric or hybrid cars are climbing – up 79% since the beginning of the year. 

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