Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 12% YoY in June, vs. the 3% YoY gain in May. Total sales, however, remained below their pre-COVID level (10% lower than June 2019)

Specifically, in France, car sales were 18% beneath their 2019 equivalent level, while registrations in Italy and Germany decreased 15% and 9% from the same month in 2019, respectively. The UK figure was 5% less; Spain's 2% 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 below their pre-pandemic levels

#cars #PGMs