EU New Car Sales Declined Noticeably in August

By Kim Richters

Passenger-car registrations in the European Union fell strongly in August, as EU markets showed a weak performance during the summer amid a semiconductor shortage.

New car registrations--a reflection of sales--declined 19% on year to 622,993 vehicles in August, the European Automobile Manufacturers Association said Thursday. The EU's major markets--Spain, France, Italy and Germany--all reported strong decreases.

One month earlier, in July, car registrations across the EU fell 23% year-on-year to 823,949 vehicles, said the organization, also known as ACEA.

However, new registrations in the first eight months of the year rose 11% to 6.8 million passenger cars.

"Despite the weak performance of EU markets during the summer months, substantial gains earlier in the year kept cumulative growth in positive territory," said ACEA.

Write to Kim Richters at [e-mail]

(END) Dow Jones Newswires

September 16, 2021 02:14 ET (06:14 GMT)

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