Jato Dynamics reports that September was another significant month for Europe’s automotive industry, as new car registrations fell by 25% to just 964,800 units.
Felipe Munoz, Global Analyst at JATO Dynamics, said, “Dealers continue to face issues with the availability of new cars due to the chip shortage. As a result, unwilling to wait more than a year for a new car, many consumers have turned to the used car market.”
Munoz continued, “The growing popularity of EVs is encouraging, but sales are not yet strong enough to offset the big declines seen across other segments.”