European new car sales down in July, August - ACEA

BERLIN (Reuters) - European car registrations dropped in July and August after four months of growth, industry data showed on Thursday, suggesting that a global semiconductor shortage is hitting sales in car dealerships across Europe.

New passenger car registrations fell by 23.6% and 18.1% year-on-year in July and August, respectively, in the European Union, Britain and the countries of the European Free Trade Association (EFTA), figures from the European Automobile Manufacturers' Association (ACEA) showed.

(Reporting by Riham Alkousaa, editing by Maria Sheahan)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.