EU New Car Sales Slumped in April as Supply Squeezes Drag On
18 Mai 2022 - 08:29AM
Dow Jones News
By Joshua Kirby
Continued supply chain pressures led to a big decline in new car
registrations in the European Union in April, according to data
from European Automobile Manufacturers Association, or ACEA.
Total new car registrations in the bloc fell 21% on year to
684,506 units sold. This was the lowest volume for the month of
April since records began, barring the Covid-19 pandemic-hit April
2020, ACEA said. "[S]upply chain issues continued to weigh heavily
on car production," the association said.
All major markets contributed to the decline, with Italy
registering the sharpest decrease among them at a 33% fall, ACEA
said. Similarly, nearly all major auto makers registered declines
in the month, with Stellantis NV seeing the biggest decrease at 32%
on year, according to the association.
In the first four months of the year taken together,
registrations declined 14%, ACEA said.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
May 18, 2022 02:14 ET (06:14 GMT)
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