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

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