Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 3% YoY in May, vs. the 8% YoY gain in April. Total sales, however, remained below their pre-COVID level (24% lower than May 2019)

Specifically, in France, car sales were 34% beneath their 2019 level, while registrations in Italy and Germany decreased 24% and 28%, respectively. The UK figure was 13% 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