Market: Big drop in car sales in October

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The number of registrations of new passenger cars in the European Union in October was in a big drop due to the lack of chips. This is the fourth consecutive month of weakening sales this year, according to data from the European Automobile Manufacturers Association (ACEA).

The number of new registrations, which is directly correlated with sales, was reduced by 30% annually, to 665,001 vehicles, according to ACEA.

“With 665,001 vehicles sold across the region, this was the weakest result in terms of volume for the month of October since the record was kept,” the statement said.

At the same time, when observing the period from January to October, the number of registrations of new passenger cars increased by 2.2%, to 8.2 million vehicles.

“Despite the recent decline in sales due to the current impact of the semiconductor supply crisis, substantial gains in the past have helped keep cumulative volumes in positive territory,” the ACEA said.


Source: Nacionalna Klasa by www.nacionalnaklasa.com.

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