Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany inched down 1% YoY in January, vs. the +2% YoY seen in December. Total sales also remained below their pre-COVID level (-21% vs. January 2019). Specifically, in France, car sales were 31% below their 2019 level, while registrations in Italy and Germany were 14% and 27% weaker, respectively. UK and Spain figures fell 10% and 22% vs. 2019 levels

Given these five countries represented more than 70% of new vehicle registrations in Europe in 2025, the region’s car sales were likely flat YoY last month, while remaining well below their pre-pandemic levels

#cars #PGMs