Morning Bites (part 2)  

🚘US light vehicle sales rose 21% YoY in June, roughly in line with the 23% YoY growth in May, but still 10% below the pre-Covid 2019 level. Seasonally adjusted sales volumes grew 22% YoY last month (-9% vs. 2019). According to a Reuters source, mixed signals continue to prevail as concerns the demand for new vehicles. In our view, inflated car prices and high loan payments might weigh further on the domestic market in 2023 and, therefore, keep PGM demand from the automotive sector subdued

#cars  
https://metals-wire.com:3000/news-reports