Higher turnover in the car and motorcycle industry

Higher turnover in the car and motorcycle industry

Photo: ANP

The turnover of the car and motorcycle sector rose by more than 5 percent in the third quarter compared to a year earlier. This is reported by the Central Bureau of Statistics (CBS). Despite a shortage of computer chips, turnover was higher in almost all sub-sectors in the third quarter, especially in the motorcycle sector.

The import of new passenger cars was the only sub-sector with less turnover in the third quarter, 7.4 percent on an annual basis. The decrease is caused by a shortage of computer chips, but also by logistical problems. Due to chip shortages, car factories regularly had to stop production and the supply of new cars is limited.

The motorcycle sector was the frontrunner with 16.7 percent more turnover, due to more trade in motorcycles. The specialized repair companies, such as tire service companies, convert 10.3 percent more, according to the CBS.

Confidence in the car and motorcycle industry has fallen. Nearly a quarter of auto trade companies report labor shortages at the start of the fourth quarter, the statistical office said.

Higher turnover in the car and motorcycle industry
Source link Higher turnover in the car and motorcycle industry

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