Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 3% YoY in March, vs. the -2% YoY seen in February and remained firmly below their pre-COVID level (-22% vs. March 2019). In Germany, car sales were 27% below their 2019 levels, while registrations in France and Italy were 32% and 11% weaker, respectively. UK sales were 22% below the 2019 level. Sales in Spain were -5% 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 up YoY last month, and remained well below their pre-pandemic levels

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