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Europe’s Uninspiring Car Sales Turn Ugly Amid Chip Crunch

  • Registrations plunge 18% in August after 24% drop in July
  • VW, Daimler and BMW CEOs warn of supply issues into next year
Bloomberg business news
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Auto sales are deteriorating in Europe, with months of meek recovery giving way to deliveries that no longer even measure up to last year’s pandemic-depressed results.

New-car registrations fell 18% in August and 24% in July from year-ago levels, the European Automobile Manufacturers’ Association said Thursday. Sales are now up just 13% for the year, less than half the percentage increase posted at the year’s halfway point.