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Post #1937 168
Morning Bites (part 1)

🚘EU + UK passenger car registrations gained 4% YoY in December, vs. the -2% YoY in November. The figure was slightly ahead of our estimates (flat YoY), but remained 13% below the pre-COVID 2019 level. Total car sales in the region inched up 1% YoY in 2024

We maintain our view that the ongoing monetary easing cycle in the EU/US and China, increase in EU import duties (from 10% up to 45%) on Chinese BEVs (encouraging production of catalyst-containing cars), as well as the upcoming cancellation of EV-support programs in the US, might bolster PGM prices in 2025

In 2023, the EU+UK accounted for some 23% and 30% of world autocatalyst Pd and Pt demand, respectively

#cars
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