Tag Archives: eu results

EU Car Sales off 7% in January, Fifth Year of Declines?

Posted on 17 February 2012 by Ken Zino

EU car sales dropped yet again in January by 7.1% compared to a year ago, a troubling trend since car sales have declined for four straight years in the moribund European Union. The latest sales data from ACEA, the trade group of EU automakers, confirm what individual car company financial results have been indicating – the European economy continues to contract, and at rates greater than automakers anticipated as recently as last quarter or the quarter before that.

In total, 968,769 new registrations were recorded in the 26-nation EU region during January, which had on average one more working day than January 2011. Particularly hard hit were France (-20.7% for the second largest market) and Italy (-16.9% for the third largest market), with large negative consequences at PSA Group (-14.9%), Renault Group (-25.2%) and Fiat Group (-16.2 %.)

Germany (-0.4% for the largest EU market) and the United Kingdom (0% or flat for the fourth largest market) remained stable, with beneficial results for the biggest automaker in Europe, VW Group with its commanding 24% market share. Continue reading →

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European Auto Sales Drop Continues Unchecked in November

Posted on 16 December 2011 by Ken Zino

Counter intuitively the Eurozone crisis is producing calls for austerity, instead stimulus plans that would increase tax revenues and employment from all industries, including auto manufacturing and sales. The automobile industry in Europe provides employment for more than 2.3 million workers and supports another 10 million jobs in related industries. Annually, automakers invest more than €30 billion in R&D, which makes it the largest private investor in R&D in Europe. Europe’s increasing instability poses risks for European, as well as the global economy. It could even affect the outcome of the U.S. presidential election next year. Continue reading →

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EU Car Sales Down Again in October. Four Year Trend Ongoing

Posted on 16 November 2011 by Ken Zino

The ongoing economic decline of Europe is causing problems for the Detroit Three. Sales in Germany, the largest EU market, remained stable (+0.6%), while results in Italy (-5.5%) and Spain (-6.7%) were negative, leading to an overall 1.8% decline in new registrations. From January to October, Germany was the only major market to post significant growth (+9.8%). France saw its demand slightly increase by 0.4%, while the UK (-4.5%), Italy (-10.8%) and Spain (-19.7%) all declined. Continue reading →

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EU Car Sales Mixed During July and August. Year-to-Date Downward Sales Trend Continues for Fourth Straight Year

Posted on 16 September 2011 by Ken Zino

Eight months into 2011, a total of 8,888,793 new cars were registered in the EU, or 1.3% less than in the same period a year ago, according to a release from the automakers’ trade group (ACEA) today. Continue reading →

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Passenger Car Sales Down in EU Again as Economy Struggles

Posted on 15 July 2011 by Ken Zino

However some winners are emerging. Volkswagen Group remains the powerhouse in Europe with 23% share year-to-date of the EU and European Free Trade Areas. BMW group also posted strong double digit gains, as did Nissan, although both are on relatively small basis. The same could be said for Hyundai and Kia, which now have combines sales of more than 345,000 units year-to-date, compared to Volvo’s 138,000. Continue reading →

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EU Auto Sales Slump Continues in 2010 for Third Straight Year

Posted on 17 January 2011 by Ken Zino

The European passenger car market shrank for the third straight year in 2010, with registrations declining by 5.5%, from 2009, according to the latest data just released from ACEA, the automakers’ trade group in the EU. Continue reading →

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