Oxford, UK – World car registrations in August 2021 were down 10.9% compared with the same month in 2020 at 5.83 m units, according to LMC Automotive.
Chip-free diet made sales thinner in August
The total number of cars likely to be sold worldwide dropped to 80m units, the lowest figure in a year, the consultants said. 'The global chip shortage has become a serious headwind for light vehicle sales across the world,' they said. This shortage has reduced deliveries and inventories, and is driving up the price of new cars which is slowing down the rate of car purchases.
In the US sales were 17.6% higher by in August at 1.09 m units, compared to 1.32m units in August 2020. Chip shortages drove the price of new vehicles to a record high, with discounts also falling in the month.
Sales in China, at 1.8 m units, were down 14.5% on the same month last year, whereas in the 2020 month they sold 2.1m units. Supply chain constraints because of the chip shortage hit sales, and premium brands were affected.
In Western European, sales were 0.7m units in the month, 20.5% down on August 2020. Again, LMC Automotive said, supply side shortages are holding down sales.
Sales in Brazil and Argentina fell to 187,000 units in the month. This compares with 203,000 units in the same month in 2020.