Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany rose 11% YoY in September, vs. the 6% YoY gain in August. Total car sales also surpassed pre-pandemic levels for the first time last month (7% higher vs. September 2019)

Specifically, car sales in Germany and Spain were 22% and 18% above their 2019 level, respectively, while the UK's recorded a moderate 2% increase. Meanwhile, the sales in France and Italy remained 10% and 2% beneath their September 2019 levels

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 and exceeded pre-pandemic levels

#cars #PGMs