Morning Bites

🚘EU + UK passenger car registrations were up 8% YoY in September from the low base (vs. +4% YoY in August). However, this was 19% below the pre-pandemic 2019 level (vs. -31% in August). The actual results were close to the preliminary estimates we published earlier. We keep our negative outlook on EU car sales, given the energy crisis and the economic slowdown. The weak dynamics shown by EU car sales are an adverse factor for PGM demand

#cars