AA / Istanbul
The Association of European Automobile Manufacturers announced on Thursday that demand for new cars in the European Union (EU) in the first ten months of 2021 had increased by 2.2%, on an annual basis.
The Association said in its monthly report that the total demand for new cars in EU countries reached 8.19 million units in the past ten months, up to October 2021.
The demand for new cars in the region was 8.01 million cars, during the same period of 2020.
According to data, demand for new cars in the region fell 30.3% in October, to 665,000 units, from 953,000 units in the same month last year.
The report attributes the drop in demand – observed for the fourth consecutive month – to the lingering impact of the semiconductor supply crisis.
The same source pointed out that most of the European Union’s markets had suffered substantial losses, with Italy recording a drop of 35.7%, Germany a drop of 34.9%, France of 30, 7% and Spain 20.5%.
The Association of European Automobile Manufacturers represents the 15 largest car, truck and bus manufacturers on the continent.
* Translated from Arabic by Malèk Jomni
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