Morning Bites

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 6% YoY in August, vs. the 5% YoY gain in July. Total sales, however, remained below their pre-COVID level (23% lower than August 2019)

Specifically, in France, car sales were 27% beneath their 2019 level, while registrations in Italy and Germany were 22% and 32% lower than in the same month in 2019, respectively. Meanwhile, the UK’s figure increased 2% vs. the August 2019 level, while Spain's was 8% lower

Given these five countries represent 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