New car sales in Europe drop 1.5% in 2021: report

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A global shortage of semiconductors and other supply chain issues have dampened car deliveries around the world, with many automakers sitting on semi-finished products and unable to keep up with demand.

New car registrations in Europe fell 1.5% in 2021, further below the previous sales record of 2020, according to industry data released on Tuesday. A global shortage of semiconductors and other supply chain issues have dampened car deliveries around the world, with many automakers sitting on semi-finished products and unable to keep up with demand.

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Germany was the hardest hit among major EU markets, according to ACEA data, recording a 10.1% drop in sales during the year while others like the Italy, Spain and France recorded marginal growth.

The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) in December fell 21.7% year-on-year, marking the sixth consecutive month of decline.

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