European car registrations dropped in July and August after four months of growth, industry data showed today.

Today's figures suggest that a global semiconductor shortage is hitting sales in car dealerships across Europe.

New passenger car registrations fell by 23.6% and 18.1% year-on-year in July and August respectively, in the European Union, Britain and the countries of the European Free Trade Association (EFTA).

This is according to the latest figures from the European Automobile Manufacturers' Association (ACEA).