By Kim Richters
Passenger-car registrations in the European Union declined in September amid the current shortage of semiconductors, the European Automobile Manufacturers Association said on Friday.
New car registrations--a reflection of sales--declined 23% year-on-year to 718,598 vehicles for the month, said the association, also known as ACEA. The EU's major markets--Spain, France, Italy and Germany--all reported strong decreases.
"This decrease in sales was largely caused by a lack of supply of vehicles due to the ongoing semiconductor shortage," it said.
Meanwhile, new passenger-car registrations across the EU in the first nine months of the year rose 6.6% to 7.5 million, ACEA said.
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(END) Dow Jones Newswires