Morning Bites (part 1)

🚘EU + UK passenger car registrations decreased 2% YoY in March, after the 10% YoY growth in February. The dynamics were slightly weaker than we had anticipated (flat YoY). Meanwhile, the sales remained 22% below their pre-COVID, 2019 level. We maintain our view that EU car sales are likely to remain subdued in the near future, following slow local economic activity (as indicated by the EU PMI still <50) and persistent inflationary pressures in the region, which continue to weigh on 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