News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

European new car sales down 1.5% in 2021 - ACEA

01/18/2022 | 03:12am EDT
FILE PHOTO: Vauxhall cars are transported on a lorry in Luton, Britain

BERLIN (Reuters) - New car registrations in Europe fell 1.5% in 2021, even further below the previous record low of 2020 sales, industry data showed on Tuesday.

A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.

Germany was hardest hit among the major EU markets, ACEA's data showed, registering a 10.1% sales dip in the year while others such as Italy, Spain and France saw marginal growth.

The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) in December was down 21.7% year-on-year, marking the sixth month in a row of declines.

(Reporting by Miranda Murray, Editing by Victoria Waldersee)


© Reuters 2022
Latest news "Economy & Forex"
01:38pIran says crew of two seized Greek tankers not detained and are on board
RE
01:22pMajor fire sinks superyacht in British marina
RE
01:22pMajor fire sinks superyacht in British marina
RE
01:05pUKRAINE AND RUSSIA : What you need to know right now
RE
01:05pUKRAINE AND RUSSIA : What you need to know right now
RE
12:56pInvestigators question delayed police response in Texas school shooting
RE
12:40p'WE HAVE THE POWER' : Poles march for LGBTQ+ rights in Gdansk
RE
12:39pSri Lanka to pay $72.6 mln for 90,000 T Russian oil, minister says
RE
12:36pPope's July visit to Africa to go ahead despite health issues
RE
12:36pPope's July visit to Africa to go ahead despite health issues
RE
Latest news "Economy & Forex"