EU New Car Sales Dropped Sharply in October
November 18 2021 - 2:29AM
Dow Jones News
By Kim Richters
Passenger-car registrations in the European Union fell in
October amid the semiconductor shortage, making it the fourth
consecutive month of decline this year, the European Automobile
Manufacturers Association said.
New car registrations--a reflection of sales--declined 30%
year-on-year to 665,001 vehicles for the month, said the
association, also known as ACEA, on Thursday.
"With 665,001 units sold across the region, this was the weakest
result in volume terms for a month of October since records began,"
it said.
Meanwhile, new passenger-car registrations across the EU in the
January-October period rose 2.2% to 8.2 million.
"Despite the recent drop in sales due to the ongoing impact of
the semiconductor supply crisis, substantial gains earlier in the
year helped to keep cumulative volumes in positive territory," said
ACEA.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 18, 2021 02:14 ET (07:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart
From Sep 2023 to Sep 2024