Morning Bites 

🚘EU + UK passenger car registrations rose 10% YoY in February, roughly in line with the 11% YoY growth in January. The dynamics also matched our estimates. Meanwhile, sales were still 13% below the pre-COVID, 2019 level. We reiterate our view that EU car sales are likely to remain sluggish in the near future, given the weak local economic activity (as indicated by the EU PMI remaining <50) and persistent inflationary pressures in the region, which is a negative factor for PGM consumption

To recap, the EU+UK accounted for some 20% and 32% of world autocatalyst Pd and Pt demand, respectively, in 2022

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