Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany were flat YoY in March, after the +10% YoY in February. The figure remained well below the pre-COVID level (-24% vs. March 2019). In particular, in Germany and Spain, car sales were 24% and 23% lower, respectively, than in the same month in 2019, while registrations in France were 20% lower. Sales in Italy were 16% below the 2019 figures, while UK sales were 31% weaker

Given these five countries represented >70% of new vehicle registrations in Europe in 2023, overall EU car sales have likely remained subdued in March

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