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Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.81% 184.75 184.60 184.80 192.25 184.45 188.60 48,747 16:45:00

EU New Car Sales Dropped Sharply in October

18/11/2021 7:29am

Dow Jones News


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By Kim Richters

 

Passenger-car registrations in the European Union fell in October amid the semiconductor shortage, making it the fourth consecutive month of decline this year, the European Automobile Manufacturers Association said.

New car registrations--a reflection of sales--declined 30% year-on-year to 665,001 vehicles for the month, said the association, also known as ACEA, on Thursday.

"With 665,001 units sold across the region, this was the weakest result in volume terms for a month of October since records began," it said.

Meanwhile, new passenger-car registrations across the EU in the January-October period rose 2.2% to 8.2 million.

"Despite the recent drop in sales due to the ongoing impact of the semiconductor supply crisis, substantial gains earlier in the year helped to keep cumulative volumes in positive territory," said ACEA.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

November 18, 2021 02:14 ET (07:14 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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