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Economic Buzz: European Car Sales Decline For Sixth Straight Month In December

18 Jan 2022 , 02:19 PM

European new car registrations declined for a sixth straight month in December and decreased for the whole year 2021 mainly due to the semiconductor shortage, the European Automobile Manufacturers Association (ACEA) showed Tuesday. New car registrations in the EU dropped 22.8 percent year-on-year to 795,295 units, after a 20.5 percent slump in November. In December 2020, sales were down 3.3 percent. Most markets in the EU saw double-digit drops in December. For the full year 2021, car registrations decreased 2.4 percent to 9.7 million units.

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