Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 6% YoY in November, vs. the +14% YoY in October. However, the figure remained below the pre-COVID level (-11% vs. November 2019). In Germany and Spain, car sales were down 18% and 16%, respectively, vs. the 2019 level, while registrations in France were 12% lower. Sales in Italy were 8% below the 2019 figures, while UK sales were flat. 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/sector/PGM