MILAN -- New-car sales in Italy fell 25 percent in November as the global microchip crunch squeezed the supply of vehicles to dealerships.
Registrations fell to 104,478, down from 138,612 in November 2020, which had the same number of selling days, according to data from the country's ministry of infrastructure and transport.
It was the fifth consecutive monthly decline, although the fall was smaller than the 36 percent drop the market suffered in October.
Industry association UNRAE said the November figure was 30 percent below the pre-pandemic level of November 2019.
Market research company Dataforce said all channels had sales declines.
Demand from private customers fell 26 percent, while sales to companies dropped 9.4 percent and those to long-term rental companies had a 15 percent decline. Sales to short-term rental companies dropped 57 percent. Self-registrations by automakers and dealers were down 21 percent from the same month in 2020.
Sales fell despite a recently approved government incentive package, which began in August.The incentives allow buyers of new cars emitting between 61 and 135 grams per km of CO2 to claim a 1,500-euro purchase bonus if they scrap an old car. The fund had been topped up in late October after all the funds were claimed. The new 10-million-euro allotment was available from Oct. 27.
Dataforce said the impact of the COVID-19 pandemic and the lack of product due to the microchip shortage hit registrations.
Overall car sales in Italy through November were 1.37 million, an 8.6 percent increase from the same period in 2020; sales are down 23 percent from the same period of 2019.
Dataforce raised its annual market forecast to 1.475 million, up from1.4 million in 2020, a rise of 6.6 percent. The figure would be 23 percent lower than the pre-pandemic result in 2019.