Tag Archives: eu crisis

Volkswagen Group Euro-Bit. Q2 Profits Drop 11% to €2.85 Billion

Posted on 1 August 2013 by Ken Zino

The Volkswagen Group was bit by the Eurozone crisis as Q2 profits sank 11% in Q2 to €2.85 billion or ~$3.78 billion. Europe’s largest automaker by far, headquartered in Germany, Europe’s largest economy by far, has revised full-year estimates down to simply equal the €11.5 billion it reported for 2012. Even that might be a stretch given the European auto market, which is headed for its sixth straight year of declines and running at sales levels last seen two decades ago. Continue reading →

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EuroSlump Goes On – June Commercial Vehicle Sales Drop -5%

Posted on 26 July 2013 by Ken Zino

During June commercial vehicle sales in the EU dropped by -5% in the EU as vehicle registrations continued their downward trend to 149,996 units. In another dismal month, all segments were down, from -4.2% for vans to -14.0% for buses and coaches. Continue reading →

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December Car Sales in Western Europe Drop 16%. Off -8% in 2012

Posted on 8 January 2013 by Ken Zino

The last month of 2012 saw car sales in Western Europe decline by 16% to a SAAR – or Seasonally Adjusted Annualized Rate – of just 11.7 million vehicles as the Eurozone crisis deepens. The market dropped more than -8% for the year taking it back to levels not seen since 1993. Sales in 2012 are more than 3 million units lower or -21%, compared to the size of the 2007 market. Continue reading →

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