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New passenger car registrations in the European Union shrank by 30.3% in October 2021, marking the fourth straight month of decline this year.
Source: ACEA
EUR USD up +0.11%
The car sales of 665,001 units sold in the EU were the weakest in volumes for the month of October in the history of the records.
Most EU markets recorded double-digit losses, including: Italy (-35.7%), Germany (-34.9%), France (-30.7%), and Spain (-20.5%).
In the first ten months of 2021, new car registrations in the EU increased by 2.2% compared to one year earlier, amounting to 8.2 million units.
Substantial gains earlier in the year helped to maintain cumulative volumes in positive territory, irrespective of the recent decline in sales.
Demand remained positive in three of the main EU markets: Italy (+12.7%), Spain (+5.6%), and France (+3.1%). Meanwhile, Germany’s year-to-date performance has deteriorated compared to one year ago at (-5.2%).
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