Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany fell 3% YoY in December, vs. the 6% YoY increase in November. The figure was still below the pre-COVID level (-15% vs. December 2019). In Germany and Spain, car sales were down 15% and 23%, respectively, vs. the 2019 level, while registrations in France were 14% lower. Sales in Italy were 21% below the 2019 figures, while UK sales lost 5%. Given these five countries represent ~70% of new vehicle registrations in Europe, the region’s car sales have likely shown a moderate YoY decline in late-2023, while remaining below their pre-pandemic levels

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