EU New Car Sales Declined Noticeably in August
September 16 2021 - 2:29AM
Dow Jones News
By Kim Richters
Passenger-car registrations in the European Union fell strongly
in August, as EU markets showed a weak performance during the
summer amid a semiconductor shortage.
New car registrations--a reflection of sales--declined 19% on
year to 622,993 vehicles in August, the European Automobile
Manufacturers Association said Thursday. The EU's major
markets--Spain, France, Italy and Germany--all reported strong
decreases.
One month earlier, in July, car registrations across the EU fell
23% year-on-year to 823,949 vehicles, said the organization, also
known as ACEA.
However, new registrations in the first eight months of the year
rose 11% to 6.8 million passenger cars.
"Despite the weak performance of EU markets during the summer
months, substantial gains earlier in the year kept cumulative
growth in positive territory," said ACEA.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 16, 2021 02:14 ET (06:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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