Slowdown on new car sales in Europe.

The Association of European Manufacturers (ACEA) said Thursday that with 665,000 cars sold, registrations fell 30.3% in October 2021 compared to October 2020. A record.

Indeed, ACEA had never recorded such a low figure for the month of October since its first statistics in 1990.

This is the fourth consecutive month of decline for the European market, in comparison with an autumn 2020 which had seen a catch-up compared to the beginning of the year paralyzed by the Covid.

35.7% drop in Italy

The main markets all show a sharp decline: Italy posted a fall of 35.7%, Germany 34.9%, France 30.7% and Spain 20.5%.

Poland fell by 22%, Belgium by 35.3% and the Netherlands by 23.7%.

Over the first ten months of the year, sales remain slightly above the 2020 level (+ 2.2%) at European level.

"Despite the recent drop in sales due to the shortage of semiconductors, gains made earlier in the year have allowed us to remain on positive intermediate figures," said ACEA.

Renault sales drop 9.6%

The situation is however contrasted according to the country: if Italy or France have indeed taken a little lead, Germany could in particular record a year 2021 worse than the very weak year 2020.

Many manufacturers could also do better than in 2020, such as the leader Volkswagen (+ 2% over the first 10 months of 2021) or its challenger Stellantis (+ 3.1%).

Hyundai-Kia is at + 20.3%, BMW-Mini at 7.1% and Toyota at + 15.7%.

Renault, on the other hand, has posted a 9.6% drop in sales volumes since the start of the year.

Daimler (Mercedes) fell 9.4% and Ford 14.4%.

Economy

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