Morning Bites (part 3)

🚘New car registrations in France, the UK, Spain, Italy and Germany gained 12% YoY in April, after the broadly flat dynamics in March. However, the figure remained well below the pre-COVID level (-21% vs. April 2019). Specifically, in Germany, France and Italy, car sales were 22% lower than the same month in 2019, while registrations in Spain and UK were 23% and 17% weaker, respectively

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

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