Morning Bites (part 4)

🚘New car registrations in France, the UK, Spain, Italy and Germany were flat YoY in December, following the 4% YoY fall in November, and remained firmly below their pre-COVID level (-15% vs. December 2019). In Germany, car sales were 21% below their 2019 levels, while registrations in France and Italy were 13% and 25% weaker, respectively. UK sales were 6% below the 2019 level, while sales in Spain were in line with 2019 levels

Given these five countries represented more than 70% of new vehicle registrations in Europe in 2023, the region’s car sales likely remained flat YoY last month, still well below their pre-pandemic levels

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