# European new car sales down in July, August – ACEA
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2021-09-16
Category: Business
Category URL: https://fintechherald.com/category/business
Meta Title: European car registrations drop in August due to semiconductor shortage
Meta Description: EU car registrations decline in July and August, signaling impact of chip shortage on sales. New passenger car sales fell by 23.6% and 18.1% YoY.
URL: https://fintechherald.com/european-new-car-sales-down-in-july-august-acea

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BERLIN (Reuters) – European car registrations dropped in July and August after four months of growth, industry data showed on Thursday, suggesting that a global semiconductor shortage is hitting sales in car dealerships across Europe.

New passenger car registrations fell by 23.6% and 18.1% year-on-year in July and August, respectively, in the European Union, Britain and the countries of the European Free Trade Association (EFTA), figures from the European Automobile Manufacturers’ Association (ACEA) showed.

(Reporting by Riham Alkousaa, editing by Maria Sheahan)


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