Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany slid another 5% YoY in September, after the 20% YoY decline in August, remaining well below their pre-COVID level (-17% vs. September 2019). In particular, in France and the UK, car sales were both 20% below 2019 levels, while registrations in Germany and Italy were 15% lower, respectively. In Spain, local sales were 11% below September 2019

Given these five countries represented >70% of new vehicle registrations in Europe in 2023, the region’s car sales have likely shown a moderate decline, remaining firmly below their pre-pandemic levels

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