Due to the shortage of chips, the number of new car registrations in September in Europe hit the lowest in the same month in 26 years. The agency predicts that the sales volume this year may not exceed last year, which was affected by the epidemic lockdown.
European Automobile Manufacturers Association said on Friday that the number of new car registrations in September fell by 25% to 972,723, a record low since 1995 for the same period. The association attributed the decline mainly to the shortage of semiconductor chip .
After three consecutive months of decline, new car sales in Europe have declined this year more than they have increased. Although this contraction is unthinkable at the beginning of 2021, when the European Automobile Manufacturers Association expected an increase of about 10% this year, some market researchers are now beginning to predict this.
LMC Automotive said in a report: “We currently expect that this year’s results will not exceed the weak 2020. Our assumption is that procurement issues will accompany us throughout the next year and continue to undermine positive potential demand drivers and The relationship between new car sales."
According to reports that the media did not quote from sources, Toyota Motor will lower its November global car production target by approximately 15% compared to the previous plan.
Toyota Motor is affected by the shortage of chips and is expected to maintain its annual production target at 9 million vehicles.
According to reports, an unnamed executive of Toyota said that the automaker intends to resume normal production from December and make up for the loss of production, but the prospects are "a lot of uncertainty."
According to the media, Toyota declined to comment on the report.
Source: Sina.com
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