The European car market suffered additional setbacks last month, with the lowest November registration figures for 30 years.
Total registrations dropped by 18% year on year to 855,281 units, according to Jato Dynamics, which has again attributed the drop to the continued shortage of semiconductors and new cars.
“Although the market has not recovered entirely from the pandemic, the current problem does not relate to a lack of demand but rather a lack of supply,” said Felipe Munoz, a global analyst at Jato.
Registration growth is expected to be minimal for the second consecutive year, after a 0.4% rise in 2020. “When you consider the chip shortage in combination with local lockdowns experienced over the course of this year, there is a clear backlog of consumers wishing to renew their cars,” said Munoz.
“This delay could have two main impacts: the first being that we see a large uptick in registrations next year if the shortage is solved; the second that consumers begin to adapt their buying patterns, moving towards keeping their vehicles for longer periods.”
Electrified vehicle ownership did continue to grow in November, however, setting a new monthly record. A total of 181,300 BEV and PHEVs were registered, representing a 22.9% total market share.
Diesels again suffered, now with just 19% of the overall market share in Europe. “If you want a new car in this current environment, the chances are that EVs are going to be more accessible given the range of offers and incentives available,” said Munoz.
Registrations of low-emissions cars reached 217,709 units, for a 26% total figure and 41% higher than diesel models.
The Renault Clio took the top spot in November, as the Renault Group and Stellantis once again dominated the top five.
You can read the full top 10 below.
The best-selling cars in Europe in November 2021:
1 Renault Clio: 16,353, -13%