Robust EU new car registrations in September

As the European Automobile Manufacturers Association reported at the end of last week, 9.8% more new cars were registered in the EU in September than last year (1.36 million). 

This was already the 25th consecutive month of year-on-year increases, all key sales markets playing their part in the growth. The number of new registrations increased by just short of 9% to 10.4 million cars in the first three quarters. 

"In other words, the VW emissions scandal has yet to have any impact on car registrations. Robust car sales mean solid demand for platinum and palladium", says Commerzbank.