Europe’s car-sales crash points to worse year than poor 2020
Customers look at the New Volkswagen AG (VW) ID.4 electric automobile in a showroom in Berlin, Germany on Friday, July 16, 2021. Liesa Johannssen-Koppitz/Bloomberg
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. The lobby group largely attributes the drop to the semiconductor shortage, which worsened when Covid-19 outbreaks idled chip packaging and testing facilities in Southeast Asia.
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