Europe’s Car-Sales Crash Points to Worse Year Than Terrible 2020

From bnnbloomberg.ca

Automakers logged their worst September sales in Europe in more than a quarter century, putting the industry on course to come up short of last year’s disastrous showing. New-car registrations plummeted 25% to 972,723, the lowest for the month since 1995, the European Automobile Manufacturers Association said Friday. The lobby group largely attributes the decline to the semiconductor shortage, which worsened when Covid-19 outbreaks idled chip packaging and testing facilities in Southeast Asia. After three consecutive declines, sales in Europe have fallen in more months than they’ve risen this year. While ... (full story)