Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany dropped 3% YoY in October, after the 5% YoY slide in September, and remained firmly below their pre-COVID level (-17% vs. October 2019). In Germany and Spain, car sales were 18% and 11% below their 2019 levels, respectively, while registrations in France were 28% weaker. As for Italy, sales were 20% below the 2019 level, while UK sales were 1% above

Given that these five countries represented >70% of new vehicle registrations in Europe in 2023, the region’s car sales likely declined YoY last month, remaining well below their pre-pandemic levels

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