I can’t see the light’: War fuels surging prices in Europe

AP News | May 20, 2022

Nishant Mishra, Associate Director of Investment Research, Acuity Knowledge Partners, expresses his concerns for Europe’s auto markets amid price hikes ranging from USD500 to USD2,000 due to factory shutdowns in Ukraine, sanctions on Russia and the global semiconductor shortage.

Extract from the article- “Average new car prices in Europe are expected to rise by USD500-2,000 this year, due to factory shutdowns in Ukraine, sanctions on Russia and the global semiconductor shortage.”

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