New car sales plunge to lowest July level since 1998: Flood of demand bottlenecked by global chip shortage causing a drip of deliveries

  • Despite massive demand for new cars, registrations fell 29.5% annually
  • Sales of new motors is behind the 10-year average by 22.3%, say official stats
  • Experts point out that the data is not truly reflective of consumer appetite
  • Shortage of computer chips means manufacturers can’t supply enough new models to keep up with demand, and the issue will continue throughout 2021

Read the full article – https://www.dailymail.co.uk/money/cars/article-9864491/UK-new-car-sales-plunge-lowest-July-level-1998-chip-shortage.html 

cra_circuit_board.png