EU passenger car sales contract further in October 2021, decline for the fourth consecutive month

According to the latest data released by the European Automobile Manufacturers Association (ACEA), EU new car sales in October 2021 further contracted by 30.
3% to 665,001 units.
This is the fourth consecutive month of decline this year and the highest sales volume in October since record.
Poor record
.
Most EU countries suffered double-digit declines, including the four largest markets: Italy (-35.
7%), Germany (-34.
9%), France (-30.
7%) and Spain (-20.
5%)
.


In the first 10 months of 2021, new car sales in the EU increased by 2.
2% compared to last year, totaling approximately 8.
2 million vehicles
.
Despite the recent decline in sales due to the continued impact of the chip supply crisis, the substantial increase earlier this year helped keep cumulative sales at a positive value
.
Similarly, three of the EU’s four main markets remain active: Italy (12.
7%), Spain (5.
6%) and France (3.
1%)
.
In contrast, Germany’s year-to-date performance has fallen from a year ago (-5.
2%)
.