Business News Asia
The Association of European Automobile Manufacturers (ACEA) reported that the number of new registrations in Europe rose for the second month in a row in September.
According to the report, the number of new cars registered in September increased by 9.6% year-on-year to 787,870 units. This increase was largely due to a low basis for comparison from the prior-year period, the period in which production was affected by the shortage of semiconductors.
All major markets in the region contributed to the increase in sales figures. In Germany and Spain, registration figures increased by 14% and 13%, respectively, and in France and Italy by 5.5% and 5.4%, respectively, compared with the previous year.
ACEA added that although the number of new registrations in August and September will be positive, new registrations in the first nine months of this year fell 9.9% year-on-year to 6.8 million vehicles. All major markets were suffering losses.