UK car sales skid on global chip shortage
UK car sales skid on global chip shortage

LONDON: Sales of new cars in Britain sank nearly a quarter in October, as the vehicles production worldwide was slammed by a shortage of semiconductors, industry data showed on Thursday.

The UK auto sector suffered its worst October sales in 30 years, also as a result of surging inflation, tax rises and weaker consumer confidence, the Society of Motor Manufacturers and Traders said in a statement.

“Electrified vehicles, however, continue to buck the trend, with almost one in six new cars registered this year capable of zero emission motoring, growth that is fundamental to the UK’s ability to hit its net-zero targets,” said SMMT chief executive Mike Hawes.
Britain’s mainly foreign-owned automakers sold a combined 106,265 vehicles in the UK during October, down 24.6 per cent with the same month in 2020, the SMMT said. It was the fourth monthly decline in a row.

A global shortage in computer chips, key components in all types of vehicles has held back global car production in recent months.

Car sales in Germany, Europe’s biggest economy, also fell sharply in October, data showed on Wednesday.

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