Passenger Car Registration in EU down by 23.1% in September 2021

Since ACEA published their report on new vehicles registration for September, today we bring you an overview of new vehicle registration in the EU in September.

In September 2021, demand for new passenger cars in the EU was down by 23.1% YoY, amounting to 718,598 units (compared with 934,039 in 2020). According to ACEA, this marked the lowest number of registrations for a month September since 1995. We note that this decrease in sales was mainly caused by a lack of supply of vehicles due to the ongoing semiconductor shortage.

When looking at major EU markets, biggest decline was recorded in Italy  (-32.7%), followed by Germany (-25.7%), France (-20.5%) and Spain (-15.7%). Of EU member states Cyprus and Estonia were the only states which recorded increase of 12.1% and 8.2%, respectively.

When observing Jan-Sep 2021 period, new car registrations in the EU were up by 6.6% YoY, reaching 7.5m units registered in total.

Turning our attention to the situation in the region, Croatia posted a decline of 10.7% YoY in September, reaching 2,749 cars. In the meantime, Slovenia noted similar decline of 7% (reaching 4,127 units).

If we were to look at the car registration from the beginning of the year Croatia noted an increase of total units of 31.5% YoY (37,135 cars), while the Slovenian market noted a decrease of 0.3%, reaching 43,098 cars.

InterCapital
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Category : Flash News

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