Tuesday , 15 October 2024
Home Automobile The Autofestival in the face of the pandemic and the deadlines
AutomobileGlobal Economy

The Autofestival in the face of the pandemic and the deadlines

Persistent Covid pandemic, shortage of microprocessors … The 58th Autofestival will again be held under special conditions. More than 80 dealerships will participate in the event from January 24 to February 5, with more than 170 showrooms open to the public across Luxembourg.

Visite du Salon de l'auto de Montréal 2019 (entrevue télé Radio-Canada) -  Philippe Laguë

“Given the situation, we are approaching this meeting, which remains very important for us, with humility,” says Philippe Mersch, president of the Federation of Automotive and Mobility Distributors (Fedamo), who presented the edition yesterday. 2022 of the Autofestival.

Stocks melted

The sector remains in a year 2021 which has gone “rather well” in terms of sales, even if this is not reflected in registrations (44,372 cars, -1.8% over one year). This is due to a global shortage of microprocessors, which delays the production and therefore the delivery of vehicles, particularly those equipped with sensors and intelligent technologies.

Auto : le marché luxembourgeois plonge | Le Quotidien

Even though there are still cars available immediately, stocks have run out, and it will sometimes be necessary to be patient: three to six months or more depending on the model. Or put aside certain options.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Automobile

Ferrari’s Next-Generation Flagship Hypercar, F250, Spotted Testing

Ferrari is preparing to unveil its highly anticipated next-generation flagship road car,...

Global Economy

Spotlight on 2023: S&P 500 and the Significance of the 4400 Level

In our past exploration of the financial landscape of 2023, we delved...

Global Economy

AI and Data Analytics Drive Efficiency in Money Laundering Detection

BIS Innovation Hub Turns to Tech for Money Laundering Detection The BIS...

Global Economy

Russell 2000 Gains Momentum as Tech Stocks Outperform Value

Tech stocks have dominated the equity markets in recent months, surpassing value...