Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany fell 2% YoY in February, in line with the 3% decline seen in January, and remained firmly below their pre-COVID level (-20% vs. February 2019). In Germany, car sales were 28% below their 2019 levels, while registrations in France and Italy were 33% and 2% weaker, respectively. UK sales were 3% above the 2019 level. Sales in Spain were -15% vs. the 2019 levels

Given these five countries represented more than 70% of new vehicle registrations in Europe in 2024, the region’s car sales likely inched down YoY last month, and remained well below their pre-pandemic levels

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