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Europe New-Car Registrations Soar 256% From Pandemic Low Point

  • Sales decline on sequential basis from strong showing in March
  • Chip shortage hampers production and could hinder recovery
New Automobile Shipping Operations As Europe's Car Industry Goes Into Hibernation
Photographer: Olivier Matthys/Bloomberg

Auto sales in Europe surged from the nadir reached during the initial Covid-19 outbreak, though demand still came up short of pre-pandemic levels.

New car-registrations soared 256% in April, the European Automobile Manufacturers’ Association said Wednesday, though the year-ago figure was the lowest monthly figure since the lobby group began gathering data in 1990. Sales were about 14% below what the industry averaged for the month in the decade before the pandemic.