Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 14% YoY in October, vs. +12% YoY in September. However, the figure was still 15% below the (2019) pre-COVID level. Specifically, in Germany and Spain, car sales were down 23% and 17%, respectively, vs. the 2019 level, while registrations in France and Italy were 19% and 12% lower, respectively. However, sales in the UK were up 7% vs. the 2019 figures, marking the first positive dynamics compared with the pre-COVID year. Given that these five countries represent ~70% of new vehicle registrations in Europe, the region’s car sales have likely followed the YoY recovery trend, while remaining well below their pre-pandemic levels

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