Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany slid 2% YoY in April, vs. the +3% YoY seen in March and remained firmly below their pre-COVID level (-22% vs. April 2019). In Germany, car sales were 22% below their 2019 levels, while registrations in France and Italy were 26% and 20% weaker, respectively. UK sales were 25% below the 2019 level. Sales in Spain were -17% 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