STLA - European Union new car sales slipped 23.1% in September

Ongoing semiconductor shortage led to European Union car registrations decline of 23.1% to 718,598 units in September, followed by 19.1% decline in August and 23.2% decline in July. This fall marks the lowest number of registrations for a month of September since 1995. All major EU markets recorded double-digit declines: Italy -32.7%, Germany -25.7%, France -20.5% and Spain -15.7%. On YTD basis, demand for passenger cars increased by 6.6% to 7.5M units. The global auto industry is suffering due to lack of chips that are key components for vehicles, forcing several major brands to temporarily shut down factories. European Union August registration -27.7% for Volkswagen (OTCPK:VWAGY), -29.9% for Stellantis (NYSE:STLA), -21.8% for Renault (OTC:RNSDF), +5.2% for Hyundai (OTCPK:HYMLF), -19.4% for BMW (OTCPK:BMWYY), -43% for Daimler (OTCPK:DMLRY), -38.5% for Ford (NYSE:F), -20% for Toyota (NYSE:TM), -38.1% for Honda (NYSE:HMC), -33.4% for Volvo (OTCPK:VOLAF), -35.9% for Nissan (OTCPK:NSANY) and -6.2% for Mazda (OTCPK:MZDAY). Source: ACEA

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European Union new car sales slipped 23.1% in September