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EU October new car registrations plummet 30% – ACEA – Just Auto – AutoSector.com ®
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AutoSector.com ®

EU October new car registrations plummet 30% – ACEA – Just Auto


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EU October new car registrations plummet 30% – ACEA
Most EU markets suffered double-digit losses

New passenger car registrations in the European Union (EU) fell 30.3% last month, marking the fourth consecutive month of decline this year.

With 665,001 units sold across the region, this was the weakest result in volume terms for a month of October since records began, according to the European Automobile Manufacturers’ Association (ACEA).

Most EU markets suffered double-digit losses, including the four largest ones: Italy (-35.7%), Germany (-34.9%), France (-30.7%) and Spain (-20.5%).

During the first ten months of 2021, new car registrations in the EU were up 2.2% compared to one year earlier, totalling around 8.2m units.

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.

Likewise, demand remained positive in three out of the four key EU markets: Italy (+12.7%), Spain (+5.6%) and France (+3.1%).

By contrast, Germany’s year-to-date performance worsened compared to one year ago (-5.2%).

https://www.acea.auto/pc-registrations/passenger-car-registrations-2-2-ten-months-into-2021-30-3-in-october/


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