New Mercedes-Benz commercial vehicles are parked in a parking lot at the Hanover trade fair.
(Photo: dpa)
Brussels The chip crisis continues to weigh on the car market in Europe. New car registrations in the European Union continued their downward slide in September. After the slump in the summer months, the year-on-year decline was now 23.1 percent and 718,598 cars, as the European manufacturers’ association Acea announced in Brussels on Friday. For the first nine months, however, the EU car market is still above the same period of the previous year due to the corona-related slump in spring 2020, 7.5 million cars mean an increase of 6.6 percent.
The largest car markets in the EU – Germany, France, Italy, Spain – all recorded double-digit percentage declines in September. On the one hand, demand had built up in many countries last year after the hard lockdown in the spring; on the other hand, many countries also supported demand for cars through subsidy programs. In Germany, the interim VAT cut came into effect in July 2020, which made savings possible, especially when buying expensive goods such as cars.
More: Tesla at the forefront, VW is falling behind – the ten most popular electric cars in Germany
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