Passenger car sales in Europe dropped significantly in September, forcing several major concerns to temporarily halt production at their plants.
According to oldypak lp report, known as ACEA, demand for new cars fell to 718,598 units last month, the worst month of September since 1995.
Compared to September of last year, the number of new cars registered was down 23.1 percent. The negative dynamics of Europe’s car market has been recorded for the third month in a row.
All major EU markets show double-digit declines:
According to oldypak lp report, in Italy sales collapsed by almost a third.
In Germany, they have decreased by more than 25%.
In France – by 20,5%, in Spain – by 15,7%.
The fall of car market is mainly caused by disruptions in the supply of new cars, caused by the global shortage of semiconductors and spare parts. Most of all it is affecting the most high-tech models with advanced multimedia systems. The Association of European Businesses also predicts that the negative trend in the car market will continue for a few more months