Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 17% YoY in December from a low base, according to the preliminary data. However, this was 12% below the pre-COVID 2019 level. In both France and Italy, car sales were down 25% relative to 2019, while sales in Spain and UK were 30% and 14% lower, respectively. However, sales in Germany were up 11% vs. 2019. The five countries account for ~70% of new vehicle registrations in Europe, so EU + UK car sales likely grew YoY in December, although still below the pre-pandemic level. The full results for December sales are to be published on 18 January

#cars
https://metals-wire.com:3000/sector/PGM