EU new car registrations fall for fifth month as chip shortage lingers
By Josh White
Date: Friday 17 Dec 2021
(Sharecast News) - European Union new passenger car registrations fell for the fifth consecutive month in November, according to industry data released on Friday, with the number sliding 20.5% year-on-year to 713,346 units.
The European Automobile Manufacturers' Association (ACEA) said that in volume terms, the result marked the lowest November total on record since 1993.
Double-digit losses were recorded in a number EU markets, including three of the four major ones, with Germany down 31.7%, Italy falling 24.6%, and Spain off 12.3%.
France saw a more modest drop of 3.2% last month, while Bulgaria, Ireland and Slovenia were the only EU markets posting growth.
The ACEA said that, 11 months into the year, the impact of the microchip shortage on vehicle output dragged the EU's year-to-date sales performance into negative territory to -0.04%, despite 2020's record low base for comparison.
"Nevertheless, three of the four largest EU markets still posted positive results from January to November," the ACEA said, with Italy up 8.6%, Spain ahead 3.8% and France 2.5% firmer.
"In Germany, on the other hand, registrations of new cars further weakened compared to one year ago," it added, with that market's year-to-date figure coming in 8.1% lower.
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