The downward spiral of new car registrations in Europe since July is easing, industry data showed today, with the number of new vehicles registered in November down 17.5% compared to a 30% fall the previous month.
A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with carmakers sitting on half-finished goods and unable to meet demand.
The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) rose four months in a row to June this year but has fallen every month since then.
This is according to data from Europe's auto association ACEA.
Still, the number of new vehicles registered in the European Union, Britain and European Free Trade Association countries in November was just 17.5% below last year's levels.
This compared to a 30% drop in November, a fall of 25% in September and a drop of 23.6% in August.