Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 3% YoY in February, vs. the 1% YoY decline in January. Total sales also remained below their pre-COVID level (18% lower than February 2019). Specifically, in France, car sales were 43% beneath their 2019 level, while registrations in Spain and Germany were 8% and 25% lower, respectively. UK and Italy figures grew 10% and 12% vs. 2019 levels

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

#cars #PGMs