EU new car sales in October down 30% on year: ACEA

New car registrations in the EU in October were down 30% year on year at 665,000 units, the fourth consecutive monthly decline, the the European Automobile Manufacturers Association (ACEA) said Nov 18.

Most EU markets suffered double-digit losses, including the four largest ones — Italy (36%), Germany (35%), France (31%) and Spain (20%) — in what was the lowest October total since ACEA started collating the data.

Over the first 10 months of 2021, new car registrations in the EU were up 2.2% year on year at 8.2 million units.

According to ACEA, despite the recent drop in sales due to the ongoing impact of the semiconductor chip supply crisis, substantial rises earlier in the year helped to keep cumulative volumes in positive territory.

Cars demand remained positive in three out of the four key EU markets: Italy (13%), Spain (5.6%) and France (3.1%), while Germany’s year-to-date total was down 5.2% on the 2020 period, the ACEA data showed.

— Annalisa Villa