Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 20% YoY in August, vs. the +18% YoY in July. However, the figure was still 17% below the (2019) pre-COVID level. Specifically, in Germany and Spain, car sales were down 22% and 25%, respectively, on the 2019 level, while registrations in France were 12% lower. At the same time, sales in the UK and Italy were 7% and 11% below the 2019 figures, respectively. Given that these five countries represent ~70% of new vehicle registrations in Europe, the region’s car sales have likely followed the recovery trend, while remaining below their pre-pandemic levels

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