While April platinum prices managed a fresh new high for the move overnight, the market has been unable to hold those initial gains and has traded down into negative territory. Favorable US economic readings and a generally weaker US Dollar were widely seen as providing a small measure of support, but some traders feel the market might need to see a resumption of gains with US equities in order for the platinum market to resume this week's rally. The German Auto Associations is projecting 3 million new car registrations this year, which is expected to create stronger levels of German industrial platinum demand.