Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 5% YoY in July, vs. the 12% YoY gain in June. Total sales, however, remained below their pre-COVID level (17% lower than July 2019)

Specifically, in France, car sales were 27% beneath their 2019 level, while registrations in Italy and Germany were 20% and 19% lower than in the same month in 2019, respectively. Meanwhile, the UK’s figure was flat vs. the July 2019 level, while Spain's was 13% 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