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Europe Car Sales Slump to Worst June in Decades on Supply Issues

  • Registrations fell 17% across region; VW posts 20% drop
  • Inflation and slowing growth weigh on industry’s outlook
Volkswagen was the hardest-hit of the major European carmakers.

Volkswagen was the hardest-hit of the major European carmakers.

Photographer: Krisztian Bocsi/Bloomberg
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Carmakers registered the fewest new vehicles in the European Union since 1996 as persistent supply chain snarls and record inflation afflict the industry.

New-car sales in the EU and four other states tracked by the European Automobile Manufacturers’ Association fell 17% to 1.07 million last month, according to a statement. Volkswagen AG was the hardest-hit major carmaker, with registrations dropping 24% from a year ago.