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Sharp decline in October: new registrations drop by 35 percent

There are fewer and fewer new cars on Germany’s roads. In view of the shortage of chips and production cuts in the manufacturers’ plants, the number of new registrations continued to decline in October. As the Federal Motor Transport Authority announced on Wednesday in Flensburg, 179,683 new cars were registered. That was almost 35 percent less than in October 2020.

The numbers declined in all segments, except for mobile homes and the luxury class. Since the beginning of the year, just under 2.2 million cars have been newly registered, 5.2 percent less than in the same period of the already relatively weak previous year.

And the used car market is also shrinking: 5.7 million used cars were sold in the first ten months, 3.4 percent less than in the same period last year. In October the minus was a good 16 percent. (dpa / mer)

You will soon read the detailed analysis of new car registrations in October 2021 in the Automobile week Business Class.

Also read:

Chip bottlenecks and their consequences: Waiting for a new car for a year

Ifo: Material shortage in industry decreased somewhat

Car Cost Index: E-cars depend on combustion engines

From the data center:

Chip requirements in the automotive industry

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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