European vehicle sales fall further amid chip crunchBloombergAuto sales are deteriorating in Europe, with months of meek recovery giving way to deliveries that no longer even measure up to last year’s pandemic-depressed results. New vehicle registrations fell 18 percent last month and 24 percent in July from a year earlier, the European Automobile Manufacturers’ Association said yesterday. “The chip shortage is causing production losses, and demand that’s actually high can’t be met,” EY said in a note. The declines were broad-based, with Europe’s biggest auto markets — Germany, France, the UK, Italy and Spain — all seeing double-digit drops each month. Among the largest automakers, European sales fell 14 percent for Volkswagen Group, 29 percent for Stellantis NV and 23 percent for Renault SA last month.

Source: Taipei Times September 16, 2021 15:56 UTC