EU New Car Sales Fell in September Amid Chip Shortage

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

EU new car sales fall 23% annually in September amid ongoing 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$Shico is next $Shib inu (Time stamp this date and time)

good

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.