Morning Bites (part 2)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 12% YoY in January from a low base, according to preliminary data. Nevertheless, the figure was still 26% below the (2019) pre-COVID level. Specifically, in Italy and France, car sales were down 22% and 28%, respectively, vs. 2019, while sales in Spain and Germany have been hit the most by ~32%. In addition, UK sales were 18% lower relative to 2019. The full EU + UK results for January sales are to be published on 21 February; however, given the above five countries represent ~70% of new vehicle registrations in Europe, EU + UK car sales are likely to show some YoY growth in January while remaining below the pre-pandemic level

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