Morning Bites (part 3)

🚘New car registrations in France, the UK, Spain, Italy and Germany were up 10% YoY in February, after the 17% YoY jump in January, but remained well below the pre-COVID level (-18% vs. February 2019). In particular, in Germany and Spain, car sales were both 23% below February 2019 levels, while registrations in France were 32% weaker. However, sales in Italy were 5% above the 2019 figures, while UK sales were 4% stronger

Given that these five countries represented >70% of new vehicle registrations in Europe in 2023, 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