EU new passenger car registrations drop by 30% in October

Europe
Published:  23 November, 2021
Credit: Ford

In October 2021, new passenger car registrations in the European Union (EU) fell for the fourth consecutive month by 30.3% with 665,001 units sold, according to the latest Economic and Market Report from the European Automobile Manufacturers’ Association (ACEA).

This marks the weakest result in volume terms for a month of October since records began. Most major markets in the EU suffered double-digit losses, including: Italy (-35.7%), Germany (-34.9%), France (-30.7%) and Spain (-20.5%).

New car registrations in the EU are still up 2.2% over the year so far, compared with 2020, with a total of around 8.2 million units. ACEA reports that, 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.

Likewise, demand remained positive in three out of the four key EU markets: Italy (+12.7%), Spain (+5.6%) and France (+3.1%). By contrast, Germany’s year-to-date performance has worsened compared with one year ago (-5.2%).