Morning Bites (part 1)

🚘 New car registrations in France, the UK, Spain, Italy and Germany rose 4% YoY in June, after the -2% YoY in May. The figure also remained below the pre-COVID level (-15% vs. June 2019). Specifically, in Germany and Italy, car sales were 9% and 7% lower vs. June 2019, respectively, while registrations in France and Spain were 21% weaker. UK car sales were 20% below those in June 2019

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

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