Dow Jones Newswires: EU new car sales tumble in September amid chip shortage
Passenger-car registrations in the European Union declined in September amid the current shortage of semiconductors, the European Automobile Manufacturers Association said on Friday.
New car registrations–a reflection of sales–declined 23% year-on-year to 718,598 vehicles for the month, said the association, also known as ACEA. The EU’s major markets–Spain, France, Italy and Germany–all reported strong decreases.
“This decrease in sales was largely caused by a lack of supply of vehicles due to the ongoing semiconductor shortage,” it said.
Meanwhile, new passenger-car registrations across the EU in the first nine months of the year rose 6.6% to 7.5 million, ACEA said.
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