Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 12% YoY in September, vs. the +20% YoY in August. However, the figure was still 13% below the (2019) pre-COVID level. In Germany and Spain, car sales were down 8% and 16%, respectively, vs. the 2019 level, while registrations in France were 10% lower. Meanwhile, sales in the UK and Italy were 21% and 4% 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