By Gokhan Ergocun
ISTANBUL (AA) – New passenger car registrations in the EU posted a 9.9% decline in the first nine months of 2022 on a yearly basis, an industry group said on Tuesday.
According to the European Automobile Manufacturers Association (ACEA) data, Italy saw the largest drop with 16.3%, followed by France (11.8%) and Germany (7.4%).
In September alone, car registrations increased 9.6% on a yearly basis.
"However, this increase was largely driven by the low base of comparison from September 2021, when the semiconductor shortage hampered vehicle production," the ACEA said.
Germany posted the highest increase with 14.1% and Spain also registered an increase in double digits with 12.7% in the month.