Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 27% YoY in March, according to preliminary data. Nevertheless, the figure was still 27% below the (2019) pre-COVID level. Specifically, in Germany and Spain, car sales were down 30% and 19%, respectively, vs. 2019, while sales in France were 19% lower. Moreover, sales in the UK and Italy were 37% and 13% under 2019, respectively. Given the above countries represent ~70% of new vehicle registrations in Europe, local car sales have likely continued to grow YoY, while remaining below their pre-pandemic levels

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