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Europe Car Sales Plunged 17% to Record Low for Month of November

  • Registrations fell a fifth straight month amid chip shortage
  • EVs remain a bright spot as carmakers pursue CO2 targets
New Automobile Shipping at Setram SA Terminal
Photographer: Angel Garcia/Bloomberg

Europe’s auto market shrank for a fifth consecutive month, with record low registrations for November reflecting how slowly the industry is coming back from the depths of a supply crisis.

New-vehicle sales fell 17% to 864,119, the worst showing for the month since the European Automobile Manufacturers’ Association started tracking figures in 1993. Registrations are now up just 0.8% from the first 11 months of last year.