Oxford, UK – World car registrations in July 2021 were down 6.3% compared with the same month in 2020 at 6.46m units, according to LMC Automotive. The consultants said that this continues the weaker trend seen in recent months.
Chip shortage kept lid on global auto sales in July
The shortage of chips held down post-coronavirus sales in Europe. In the US, this shortage meant average transaction prices soared in the month.
In the US, sales were 3.2% higher in July, at 1.28m units. In the same month in 2020, US dealers sold 1.24m units.
Sales in China, according to LMC Automotive, stood at 1.8m units, down 9.8% on the same month last year, when dealers sold 2.0m units. 'The fast spread of the delta variant across the country and tightened social restrictions present a risk to economic activity and new vehicle sales,' they said.
In Western Europe, the monthly sales of 1.0m units in the month represent a decline of 23.8% on the July 2020 figures.
Sales in Brazil and Argentina were 193,000 units in the month. This compares with 192,000 units in the same month in 2020.