Morning Bites (part 1)

🚘New car registrations in France, the UK, Spain, Italy and Germany grew 16% YoY in April, according to the preliminary data. Nevertheless, the figure was still 28% below the (2019) pre-COVID level. Specifically, in Germany and Spain, car sales were down 35% and 37%, respectively, vs. 2019, while sales in France were 30% lower. Moreover, sales in the UK and Italy were 17% and 28% less than in 2019, respectively. Given that these 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