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European new car sales down in October

by Mike Robinson

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© Reuters. FILEPHOTO: Vauxhall cars were transported in a truck on Luton’s March 6th, 2017. REUTERS/Neil Hall/File Photo

BERLIN, (Reuters) – New European car registrations fell by nearly 30% in October due to global semiconductor shortages. This was according to industry data released Thursday.

The region sold 798,693 vehicles in October, making it the worst result since records were started. This also marked the fourth consecutive month with a decline in sales in 2020, stated the European Automobile Makers’ Association (ACEA).

According to figures by the ACEA, passenger vehicle registrations in Europe, Britain, and other countries belonging to the European Free Trade Association (EFTA), fell by 29.3% compared with last year.

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