Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 11% YoY in March, vs. the 3% YoY gain in February. Total sales, however, remained below their pre-COVID level (13% lower than March 2019)

Specifically, in France, car sales were 23% beneath their 2019 level, while registrations in Italy and Germany were 4% and 15% lower, respectively. UK figures fell 17% while Spain gained 6% 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 increased YoY last month, while remaining well below their pre-pandemic levels

#cars #PGMs