New car registrations plummet by 35 percent in October

Flensburg Fewer and fewer new cars are on the German roads. In view of the shortage of chips and production cuts in the factories, the number of new registrations continued to decline in October. As the Federal Motor Transport Authority announced on Wednesday in Flensburg, 179,683 cars were registered. That was almost 35 percent less than in October 2020.

The numbers declined in all segments, except for mobile homes and the luxury class. Since the beginning of the year, almost 2.2 million cars have been newly registered, 5.2 percent less than in the same period of the relatively weak previous year.

The used car market is also shrinking. 5.7 million were sold in the first ten months, 3.4 percent less than in the same period of the previous year. In October the minus was a good 16 percent.

More: Half a year of waiting for the new car – a test of patience for the customers