Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 18% YoY in July, the same as in June. However, the figure was still 23% below the (2019) pre-COVID level. Specifically, in Germany and Spain, car sales declined 27% and 30%, respectively, vs. the 2019 level, while sales in France were 25% lower. At the same time, sales in the UK and Italy were 8% and 22% below the 2019 figures, respectively. Given these five countries represent ~70% of new vehicle registrations in Europe, the region’s car sales have likely continued to show robust YoY recovery, while remaining below their pre-pandemic levels

#cars
https://metals-wire.com:3000/sector/PGM