Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 8% YoY in April, vs. the 11% YoY gain in March, bolstered by new and revised tax benefits and incentive schemes for EVs in 2026. Total sales, however, remained below their pre-COVID level (16% lower than April 2019)

Specifically, in France, car sales were 26% beneath their 2019 level, while registrations in Italy and Germany were 11% and 20% lower, respectively. The UK figure was 7% less than 2019; Spain's 11% lower

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