November 30, 2021

Beyond Going Long

Complete UK News World

Car sales in the European Union fell by nearly a third

In 10 months, a total of 8.2 million cars were sold in the European Union.

Sales of new passenger cars in the European Union continued to decline in October, with the pace of decline accelerating significantly.

And while the number of cars sold fell by less than a quarter in September, it was nearly a third in October. The European Automobile Manufacturers Association (ACEA) said Thursday that the situation in the auto market remains complicated by the global shortage of semiconductors.

According to ACEA, just over 665,000 cars were sold in the European Union in October, a decrease of 30.3% compared to October last year.

Thus, sales fell for the fourth consecutive month, which was the worst result in October since the start of recording related data. By comparison, September sales fell 23.1%.

Italy records the largest decline

Most of the European Union member states saw a double dip in sales. Among the four largest economies, the largest decline was recorded in Italy, where sales fell by 35.7%.

In Germany, the decline was 34.9%, France 30.7%, and in Spain sales fell by 20.5%.

In 10 months, a total of 8.2 million cars were sold in the European Union. Compared to the same period last year, this means an increase of 2.2%. By comparison, in the first nine months of the year, year-over-year sales growth was 6.6%.

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