New car sales in Europe hit a record low in November Electric vehicle sales were impressive

On December 17, the European Association of Automobile Manufacturers (ACEA) said that the number of new car registrations in Europe in November was 864119, down 17% year-on-year, the lowest record of the same month since 1993. Relevant data show that this is the fifth consecutive month of decline in European car sales, which also reflects that the impact of the global automotive chip supply crisis still exists.

Previously, Volkswagen, Europe's largest automaker, reported November sales, and it sold a total of 616,300 new cars worldwide in November, down 31.5% year-on-year and the fifth consecutive month of decline. Volkswagen said that the main reason for the decline in sales is still the lack of chip supply, of which Chinese mainland, the two largest markets, and Europe are the most affected by chips, which also directly pulled down its production in November.

Volkswagen ID.4 X

Although European car sales have suffered five consecutive declines, there are also some good signs. According to statistics, the number of new car registrations in November increased month-on-month, and its year-on-year decline was also reduced compared with the previous month. On the other hand, in November, when the overall automobile market was weak, sales of new energy vehicles rose against the trend. Taking Germany, Europe's largest automobile market, as an example, although the overall sales fell by 32% in November, the sales of new energy vehicles increased by 25%, and its domestic electric vehicle market share also came to 20%, which also shows that consumers' acceptance of electric vehicles has increased significantly, and in the context of the EUROPEAN Union's 2035 ban on the sale of fuel vehicles, the strong market performance of new energy vehicles has undoubtedly injected a shot in the arm for this goal.