© Reuters. FILE PHOTO: Visitors look at Renault cars during the Munich auto show IAA Mobility 2021 in Munich, Germany, September 11, 2021. REUTERS / Andreas Gebert
BERLIN (Reuters) – New car registrations in Germany fell 35% to around 179,000 vehicles in October as global semiconductor shortages continue to cause production bottlenecks, a person familiar with the matter told Reuters on Wednesday.
"The demand is there," the source said, adding that the industry has been unable to keep up with supply due to delays in the production of auto parts that require semiconductors.
In the past few months, automobile manufacturers had to stop production lines due to the slow delivery of chips and mostly installed the scarce parts in high-margin large vehicles, which prompted many customers to buy used cars instead of waiting for a new one.
New registrations had already shrunk in the double-digit percentage range in the past few months, but not as much as in October.
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