You are currently viewing Luxembourg in brief: The CNS in deficit of 55 million in 2021

Luxembourg in brief: The CNS in deficit of 55 million in 2021

  • Post category:Economy News
  • Reading time:72 mins read

Registrations down 8.4%

Automobile registrations fell -8.4% for the first 9 months of 2022, compared to the same period of the previous year, the House of Automobile said on Monday. Reason given by the body promoting the automotive sector: the persistence of the problem of semiconductors.

“Given the long delivery times and limited stocks, registrations by private customers are down -21.8%, he specifies. Orders for company cars increased by 2.8%, however, to replace vehicles whose lease will expire in 2023. Similarly, there is an increase in ”private lease” formulas (rental of a car new for three years).

Regarding engines, the share of 100% electric cars is 14.3%. “There is nevertheless a certain stagnation in the registrations of electric cars at 14% of sales, notes the House of Automobile. The sale of electric cars to private customers even shows a certain drop, going from 5% to 4.6%”. The distribution of sales between the different engines remains stable overall with a very slight loss of speed for diesel, she concludes.