Morning Bites
🚘US light vehicle sales rose 17% YoY in September, vs. the 16% YoY growth in August. The number was also 4% above the pre-Covid 2019 level. Seasonally adjusted sales volumes also grew 14% YoY last month (-9% vs. 2019). According to Reuters, US car sales climbed last month despite the auto workers strike and the worsening affordability of new car loans. Despite the positive dynamics in September, we believe that the above factors might weigh on car sales in the US, at least in the near future. North America accounted for ~22% and 16% of the world autocatalyst Pd and Pt consumption, respectively, in 2022
#cars
https://metals-wire.com:3000/news-reports
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