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EU Passenger Car Registrations Fell to Lowest Level Since 1993

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Front side view of black prestige car

European Union passenger car registrations in November 2021 dropped for the fifth straight month this year, falling 20.5% to 713,346 units sold.

Source: acea

Euro Stoxx 50 down -1.32%, EUR USD down -0.41%

That figure represents the lowest November total on record since 1993. Double-digital losses were reported in many EU markets including three of the four major nations.

Germany led with the most significant loss at -31.7%, Italy was 24.6% down, and Spain was 12.3% down.

Meanwhile, France posted a modest decrease of 3.2% the previous month, with Bulgaria, Ireland, and Slovenia being the only EU markets posting growth.

Eleven months into the current year, the impact of the shortage of microchips on vehicle output pushed the EU’s YTD sales performance into negative territory, down 0.04%.

Meanwhile, three of the four largest EU largest markets reported positive results from January to November 2021.  YTD sales of Italy increased by 8.6%, Spain (+3.8%), and France (+2.5%).

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